Google Cuts Jobs / Google is going to retrench again, 12 thousand employees were fired recently

Zoom News : Jun 28, 2023, 01:45 PM
Google Layoffs: Google has started cutting jobs in its wage mapping service. Its effect will also be seen in India. According to a media report, the company intends to inform advertisers and partners about this change on Wednesday. The email did not disclose further details about the exact number of job cuts. The report claims that the Waze unit currently has over 500 employees. Let us tell you that Google acquired Waze in 2013 for about $ 1.3 billion.

Google has more staff and salary

Amidst fears of a global recession, the demand for restructuring is now rising in IT companies around the world. Billionaire businessman Sir Christopher Hone's hedge fund, one of the investors in Google's parent company Alphabet, has written to the company alleging that Google and YouTube employees are overpaid and its workforce cut, according to a report in the British newspaper Guardian. should be done.

Storm of retrenchment in IT industry

  • Meta - 11k (13%)
  • Twitter - 3.7k (50%)
  • Intel - 20%
  • Snap - 20%
  • Netflix - 450
  • Robinhood - 30%
  • Stripe, Lyft - 13%
  • Salesforce - 2k
  • Amazon - 10k
Cost-cutting has begun with layoffs at Silicon Valley companies feeling the pressure from a slowing global economy and revenue streams such as advertising. Recently, one of the world's largest banks, UBS Group, which acquired Credit Suisse, has also asked to remove 35,000 people from its place.