Google’s parent company, Alphabet, will cut about 12,000 jobs, as tech companies across the board continue to engage in mass layoffs.
“Over the past two years we’ve seen periods of dramatic growth,” CEO Sundar Pichai said in an email to Google employees on Friday. “To match and fuel that growth, we hired for a different economic reality than the one we face today.”
Microsoft announced on Wednesday that it plans to lay off 10,000 employees, or about five percent of its workforce, as revenue growth slows. Amazon said earlier this month that it will cut about 18,000 roles after hiring “rapidly over the last several years.”