Investors wondering if Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) would join other big tech companies in announcing mass layoffs finally got their answer. The Google parent said Friday morning that it would let go of 12,000 employees, cutting roughly 6% of its workforce. The decision comes as the company's revenue growth slowed significantly throughout 2022 and as profits fell sharply, even as head count jumped roughly 24% to 187,000 over the past year. Read More...
Investors wondering if Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) would join other big tech companies in announcing mass layoffs finally got their answer. The Google parent said Friday morning that it would let go of 12,000 employees, cutting roughly 6% of its workforce. The decision comes as the company’s revenue growth slowed significantly throughout 2022 and as profits fell sharply, even as head count jumped roughly 24% to 187,000 over the past year.
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