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Google parent Alphabet lays off hundreds

September 13, 2023
in Business
Reading Time: 4 mins read
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Google parent Alphabet lays off hundreds
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Google parent Alphabet is laying off employees from its global recruiting team as the tech giant continues to slow hiring, it said Wednesday.

The company’s decision to let go of a few hundred employees is not part of a wide-scale layoff and will retain a significant majority of the team for hiring critical roles.

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It will also help the workers search for roles within the company and elsewhere.


The company’s decision to let go of a few hundred employees is not part of a wide-scale layoff and will retain a significant majority of the team for hiring critical roles.
bennymarty – stock.adobe.com

Alphabet is the first Big Tech company to lay off employees this quarter, after peers like Meta, Microsoft and Amazon downsized aggressively earlier in 2023 as a weak economy put an end to their pandemic-led hiring sprees.

California-based Alphabet cut about 12,000 jobs in January, reducing its workforce by 6%.

Layoffs in the US rose more than threefold in August from July and nearly fourfold compared with a year ago, according to a report by employment firm Challenger, Gray & Christmas.

Economists polled by Reuters had forecast that new claims for state unemployment benefits would rise by about 8% in the week ended Sept. 9, after having fallen 13,000 to 216,000 in the prior seven-day period.

Credit: Source link

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