, has also made redundancies, slashing over half of the company's headcount since taking over as CEO late last year.that the firm was deferring a portion of employees' year-end bonus checks until March or April instead of January.I have some difficult news to share. We've decided to reduce our workforce by approximately 12,000 roles. We've already sent a separate email to employees in the US who are affected.
Over the past two years we've seen periods of dramatic growth. To match and fuel that growth, we hired for a different economic reality than the one we face today. To the Googlers who are leaving us: Thank you for working so hard to help people and businesses everywhere. Your contributions have been invaluable and we are grateful for them.
Being constrained in some areas allows us to bet big on others. Pivoting the company to be AI-first years ago led to groundbreaking advances across our businesses and the whole industry.
Source: News Formal (newsformal.com)
Jesus…they either didn’t need to be laid off at all…or the cost of paying that kind of package to that many people is a better option than keeping them past that timeframe while heading into something far worse economically.
Google. Amazon, Goldman, Microsoft, Walmart.. not good signs here folks
$GOOGL
Google is NOT a good source of information anymore. We need better search engines.
'Strongest economy ever' and most secure border. -Joe Biden
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