(Bloomberg) -- Alphabet Inc.’s Google has cut most jobs at Area 120, its in-house incubator for new projects, as part of a broad wave of layoffs across the company.Most Read from BloombergGoogle to Cut 12,000 Jobs in 6% Reduction of Global WorkforceHolmes Belongs in Prison, Not $13,000-a-Month Manor, US SaysMore Young Americans Are Dying, But Not From VaccinesTreasury Taps Retirement Funds to Avoid Breaching US Debt LimitGlobal Property Market Faces $175 Billion Debt SpiralThree projects in the Read More...
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Google parent Alphabet cuts 6% of its workforce, impacting 12,000 people
Alphabet, parent holding company of Google, has announced that it’s cutting around 6% of its global workforce. In an open letter published by Google and Alphabet CEO Sundar Pichai, the narrative followed a similar trajectory to that of other companies that have downsized in recent months, noting that the company had “hired for a different economic reality” than what it’s up against today. “We’ve undertaken a rigorous review across product areas and functions to ensure that our people and roles are aligned with our highest priorities as a company,” Pichai wrote, adding that the layoffs will impact units across Alphabet, not just Google, and that all regions and product areas will be affected.
