In a letter sent to all employees and later published online, Google CEO Sundar Pichai announced that the company would be parting ways with approximately 12,000 employees. This “difficult decision” comes after two years of growth that led the company to have “hired for a different economic reality than the one we face today,” according to Pichai. While the CEO takes full responsibility for the layoffs, he also highlighted the future of Google and its investments in AI.
Google employees impacted by these layoffs and based in the US already received an email to inform them of their notification period. The company will pay their salaries during this period of a minimum of 60 days as well as 2022 bonuses and remaining vacation time. Google also offers a severance package starting at 16 weeks' salary plus two weeks for every additional year at the company, on top of shares of Google capital stock. To help support employees while they look for their next opportunity, Google gives six months of healthcare, job placement services, and immigration support for those affected. While these compensations are guaranteed for US Google employees, workers from other countries will receive support “in line with local practices.”
This massive Google layoff comes a few days after Microsoft announced that it would eliminate a total of 10,000 jobs by the end of the third quarter of the 2023 fiscal year. Both Google and Microsoft hired for various positions as the COVID-19 pandemic boosted their growth, but as the economic situation is going back to its normal state the companies are parting ways with thousands of employees. GAFAM and Facebook’s parent company Meta also confirmed mass layoffs, with over 11,000 expected to leave the company through the first quarter of 2023.
source
Google employees impacted by these layoffs and based in the US already received an email to inform them of their notification period. The company will pay their salaries during this period of a minimum of 60 days as well as 2022 bonuses and remaining vacation time. Google also offers a severance package starting at 16 weeks' salary plus two weeks for every additional year at the company, on top of shares of Google capital stock. To help support employees while they look for their next opportunity, Google gives six months of healthcare, job placement services, and immigration support for those affected. While these compensations are guaranteed for US Google employees, workers from other countries will receive support “in line with local practices.”
This massive Google layoff comes a few days after Microsoft announced that it would eliminate a total of 10,000 jobs by the end of the third quarter of the 2023 fiscal year. Both Google and Microsoft hired for various positions as the COVID-19 pandemic boosted their growth, but as the economic situation is going back to its normal state the companies are parting ways with thousands of employees. GAFAM and Facebook’s parent company Meta also confirmed mass layoffs, with over 11,000 expected to leave the company through the first quarter of 2023.
source
