Google Cuts 12,000 Jobs Amid Economic Pressure

From CNET: Google is cutting 12,000 jobs in a bid to ride out economic difficulties, the company said Friday.

The jobs cuts -- the largest since the company's founding in 1998 -- will affect workers across different product areas, functions, levels and regions throughout Google parent company Alphabet.

In an email to staff, also published as a blog post, Google and Alphabet CEO Sundar Pichai announced the cuts, calling them a "difficult decision to set us up for the future." Pichai apologized to those who must leave the company, saying it means letting go of many talented employees.

"The fact that these changes will impact the lives of Googlers weighs heavily on me, and I take full responsibility for the decisions that led us here," he said.

The 12,000 layoffs represent 6.5% of Google's 185,000 employees and show just rapidly the company has grown. More employees are being laid off now than worked at Google in 2006, when there were just over 10,500 workers.

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