Google Cuts 12,000 Jobs As Layoffs Spread Across Tech Industry

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“Through Downtown West, we will welcome thousands of new jobs, affordable housing, and immense benefits to our small businesses,” San Jose Mayor Sam Liccardo said Thursday. The setting of Thursday’s event, a prominent office building at 450 W. Santa Clara St. in San Jose that was developed by local real estate executive Chuck Toeniskoetter, served as a reminder of Google’s intentions to push ahead with the Downtown West project. A gunman was sentenced to life in prison in San Diego, California, for fatally shooting a parking valet and four other people in an unprovoked attack. Get browser notifications for breaking news, live events, and exclusive reporting. Two people were injured in a stabbing at a Crenshaw nursing home Friday night. Google’s parents company Alphabet has announced plans to lay of 12,000 workers, impacting teams across the company, including recruiting, engineering, and product units.

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Regulatory filings illustrate how Google’s workforce swelled during the pandemic, ballooning to nearly 187,000 people by late last year from 119,000 at the end of 2019. Employees are being hired back at other tech companies or in other tech roles in non-tech companies. “During the pandemic, Google increased the number of employees by about 30%. What they’re doing is, they’re doing what I call, ‘the great reset’,” Banafa said. “They’re going to go back to the 2019 era. And even with the cuts we have, we’re not even close to that. We’re still above that level.” This comes just a matter of months removed from the tech sector hiring 200,000 plus employees, more than double what we saw in the previous decade according to Banafa. Google’s parent company said it would cut its staff by 6% in its largest-ever round of layoffs.

Three people have been detained in a shooting involving police officers Saturday in Arleta, authorities said. The male gunman used a high powered assault rifle, law enforcement source says, and remains at large. The mass shooting, one of California’s worst in recent memory, occurred on Lunar New Year’s Eve about seven miles east of downtown Los Angeles. Alphabet CEO Sundar Pichai, the parent company of Google, informed staff Friday at the Silicon Valley giant about the cuts in an email that was also posted on the company’s news blog. LONDON — Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs. Thousands of tech employees, who were wondering if they might be the next for layoffs in the industry, learned their fate Friday.

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The layoffs also come as major tech companies like Google pivot to artificial intelligence. But expanding on early investments comes with “tough choices,” Pichai wrote. The job cuts represent about 6% of Google’s global workforce. CEOs of a number of companies have taken blame for growing too fast, yet those same companies, even after the latest round of job cuts, https://debateturkey.org/andrey-berezinin-kibris-icin-cikis-yolu/ remain much larger than they were before the economic boom from the pandemic began. Banafa says these cuts have a trickle-down effect because thousands of employees now have less money to spend, leading to cuts in other industries. Once sitting atop of the financial mountain during the pandemic, tech companies are feeling the effects of a return to normalcy.

• Yet the tech sector grew exceptionally fast over the last several years due to increased demand as employees began to work remotely.
• Once sitting atop of the financial mountain during the pandemic, tech companies are feeling the effects of a return to normalcy.
• Members of the public are invited to line the streets as part of a procession for a Riverside County sheriff’s deputy who was killed in the line of duty.
• “During the pandemic, Google increased the number of employees by about 30%. What they’re doing is, they’re doing what I call, ‘the great reset’,” Banafa said.

In addition to cuts at big tech companies, there have been layoffs on Wall Street. Goldman Sachs said it was planning to lay off about 3,200 employees in one of the biggest cuts since the 2008 financial crisis. The job cuts will hit employees throughout parent company Alphabet and across “product areas, functions, levels and regions,” he said. Some residents protested the tech company’s San Jose efforts, voicing concerns about the project fueling a rise in housing prices, traffic and displacement of residents. But the mayor said he’s impressed by the various ways that Google has been eager to provide community benefits to San Jose and to work with local groups to ensure the Downtown West development is what local residents seek. A mass shooting in Monterey Park, California, which is located inside Los Angeles County, where people were celebrating the Lunar New Year festival left at least 10 dead.