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Silicon Valley tech giant Google has laid off hundreds of employees across multiple divisions as it seeks to cut costs and reprioritize investments to focus on artificial intelligence.
of A company based in Mountain View, California It confirmed layoffs in its core engineering department and several other areas. The decision extends a recent string of layoffs and joins other big tech companies in shedding employees after ramping up their workforces to capture demand that emerged early in the pandemic.
The company is one of the largest office occupiers in the San Francisco Bay Area. Millions of square feet available for sublease Over the past few years, we have exited a number of real estate investments.
The company is adapting to slowing advertising revenue, rising interest rates and an increased focus on increasing stakes in the fast-growing field of AI.
In a statement to CoStar News, a Google spokesperson said, “We are investing responsibly in our biggest priorities and the important opportunities ahead.” “To best position us for these opportunities, throughout the second half of 2023, we will enable our many teams to work more efficiently and better, and direct resources to our biggest product priorities. We have made changes to adjust. Some teams continue to make these types of organizational changes, including eliminating some roles globally.”
Alphabet’s subsidiaries, which employed more than 182,300 people as of Sept. 30, said the layoffs were part of an organizational restructuring.
The company cut 12,000 positions, or about 6% of its workforce, early last year, making it the largest layoff in the company’s decades-long history.
Google’s decision to eliminate the position is the latest in a series of layoff announcements among tech giants including Amazon, Meta, Microsoft and Yahoo.
Amazon announced to employees this week that it has cut “hundreds” of jobs across its streaming and theatrical film businesses.
Mike Hopkins, senior vice president of Prime Video and Amazon MGM Studios, said the company is “increasing investments while reducing or canceling investments in certain areas and focusing on the content and product initiatives that will have the most impact.” The letter stated that the company is considering doing so. employee.
The layoffs represent a reversal for technology companies that have been hiring aggressively during the pandemic.
Alphabet, for example, employed 190,711 workers in addition to tens of thousands of contractors before last year’s layoffs. In 2021, the number of employees is approximately 150,000.
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