Google’s parent company Alphabet announced Friday it will cut about 12,000 jobs globally, citing a changing economic reality as it became the latest US tech giant to enact large-scale restructuring.
The layoffs come a day after Microsoft said it would reduce staff numbers by 10,000 in the coming months, following similar cuts by Facebook owner Meta, Amazon and Twitter as the tech sector girds for economic downturn.
The cuts follow a major hiring spree during the height of the coronavirus pandemic when companies scrambled to meet demand as people went online for work, school and entertainment.
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“Over the past two years we’ve seen periods of dramatic growth. To match and fuel that growth, we hired for a different economic reality than the one we face today,” Alphabet CEO Sundar Pichai said in an email to employees.
“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 said, adding that the workforce would be reduced by around 12,000 positions.
“The roles we’re eliminating reflect the outcome of that review.”
Alphabet employed nearly 187,000 workers worldwide at the end of September 2022. The cuts represent a little over 6 percent of its total workforce.
Pichai said American employees have already been notified about the cuts while reductions in other countries will take longer due to local labor laws.
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The cuts will be “across departments, functions, levels of responsibility and regions,” Pichai added.
“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.”
‘Unsustainable’
Pichai said that the cuts would “sharpen our focus” towards new priorities, pointing to the necessity of investing even more in artificial intelligence.
“Being constrained in some areas allows us to bet big on others,” he said.
Google’s world-dominating search engine has found itself under pressure with the emergence of ChatGPT, a Microsoft-backed chatbot that can generate elaborate, human-like content in just seconds.
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Microsoft has said the technology will be used to strengthen Bing, the longtime rival to Google search.
Pichai announced severance packages for US employees, who will receive at least 16 weeks of salary, their 2022 bonus, paid vacations and six months of health coverage.
He said he remained “optimistic about our ability to deliver on our mission, even on our toughest days.”
Wall Street welcomed the cuts: Alphabet shares rose by 3.5 percent in electronic trading before the stock market opened.
This tracked the effect of job cuts on other tech giants, with Meta’s share price up 35 percent since it announced 11,000 job cuts on November 9 and Amazon’s stock was up 13 percent since 18,000 people were let go earlier this month.
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Analysts have said tech’s big guns had previously overspent, not seeing a slowdown on the horizon.
Daniel Ives of Wedbush Securities said the layoffs highlight a long period of irresponsible spending across a sector basking in “hypergrowth.”
“The reality is tech stalwarts overhired at a pace that was unsustainable and now darker macro is forcing these layoffs across the tech space,” he said.
According to tech site Layoffs.fyi, nearly 194,000 industry employees have lost their jobs in the US since the beginning of 2022, not including those announced by Alphabet on Friday.
Hewlett Packard and cloud computing giant Salesforce also announced major cuts this month as rampant inflation and rising interest rates have slowed growth.
The new truce plan in Gaza includes “many demands” from Hamas, according to an Egyptian source
The talks held between delegations from Egypt and Israel in Tel Aviv for a truce in Gaza were “largely positive and successful” and included “many of the demands” of the Islamist movement Hamas, an Egyptian security source familiar with the negotiations and another from Hamas reported to EFE on Sunday.
A delegation from Hamas, headed by the member of the political bureau Khalil al-The Hague, is expected to arrive tomorrow in Cairo, mediator in the conflict between Israel and the Palestinian group, to deliver its response to the mediators, according to the Egyptian source, which asked not to be identified by the sensitivity of this issue.
This new proposal, on whose content it did not provide details, “overcomes the obstacles that hinder” the declaration of a truce, a ceasefire, the exchange of prisoners and hostages, as well as the entry of aid into the Gaza Strip.
The possible announcement of a truce “will contribute to the approval of a first phase and to the efforts of the entire international community to consolidate this ceasefire and seek to move to a permanent truce instead of a temporary one,” according to the informant.
On the other hand, a source of the Palestinian Islamist movement, which also asked for anonymity, confirmed to EFE that tomorrow a delegation from Hamas will arrive in the Egyptian capital to present its response to the new Israeli proposal.
The informant added that the proposal includes “reducing the minimum number of kidnapped that Hamas will commit to freeing and eliminating divisions in sections of the Gaza Strip.”
Last Friday, an Egyptian mediating delegation traveled to Tel Aviv to discuss this truce with Israel, while the Jewish State has warned that it will not allow the Palestinian group to delay and has once again threatened to invade Rafah, at the southern end of the strip and where more than a million refugees are overcrowded.
Hamas warns the United Kingdom that if it sends soldiers to Gaza they will be a “legitimate” military target
The Palestinian Islamist group Hamas warned the United Kingdom on Sunday that if it deploys military personnel in the Gaza Strip, after information that they could help in the distribution of humanitarian aid, they will be “legitimate targets” of its armed wing.
“We alert Britain, or any other country, against the deployment of forces on land or on the coast of the Gaza Strip and affirm that they will be legitimate targets for our people and their resistance,” Hamas said in a statement.
The armed group charged against any initiative in the Palestinian enclave that does not have its approval.
The Islamist group responded to the information released on Saturday by the British network BBC, according to which the British Armed Forces could deploy troops to deliver humanitarian aid on the ground arriving in Gaza through the new floating dock that is being built by Israel and the United States.
The public broadcaster indicated that the United Kingdom could be the intermediary to which the United States referred when it said that it would not be the American soldiers, but others, who would distribute the food packages sent by ship from Cyprus and then transferred to Gaza.
Yesterday, the Israeli Army assured at a press conference with international media that international organizations would be in charge of the distribution of humanitarian aid, but did not indicate which ones would have agreed to collaborate.
Although the British Government has not confirmed the news, the BBC affirms, according to anonymous sources, that the Ministry of Defense is considering getting involved with ‘wet boots’ on the ground.
The possible role of the British forces would involve driving the trucks with the help from the landing boats on the floating runway, hundreds of meters long, and delivering it to a safe distribution area on dry land, the station explained.
The London Ministry of Defense reported on Friday, in turn, that the British Navy auxiliary ship RFA Cardigan Bay set sail from Cyprus to provide support for the construction of the temporary dock, which is led by the United States.
This ship will provide accommodation for hundreds of American sailors and soldiers, about whom Washington has made it clear that they will not set foot in Gaza territory.
Nancy Pelosi says that Netanyahu “could not have made things worse” in Gaza
Former President of the United States House of Representatives Nancy Pelosi said that the Prime Minister of Israel, Benjamin Netanyahu, “could not have made things worse” in the conflict in Gaza, in an interview broadcast this Sunday by the BBC.
Pelosi, who on Thursday participated in an event at the English university of Oxford, told the ‘Laura Kuenssberg Program’ that Netanyahu “was never a peace agent” and admitted that she “is not a great fan of his.”
The congresswoman said that what is happening in the Strip “challenges the conscience of the world” and maintained that the impact of famine on children “is almost unforgivable”, while calling the Hamas attack on Israeli territory on October 7 “barbaric”.
“Israel has the right to defend itself, but the way it is doing it is a challenge because Netanyahu has never been a peace agent,” he said.
“I’m not a great admirer of yours; I couldn’t have done things worse than those tens of thousands, or whatever number it is, of dead people, malnourished children and the uncertainty that exists… and that’s what people are talking about,” he said.
Asked if she understood why young people in the United States used controversial tactics when protesting against the conflict, Pelosi opined that “when they go beyond the campuses and block the Golden Gate Bridge, or something else, for a long time, and people can’t go to the doctor or the hospital or anything urgent in their lives, they don’t get support.”
But he added: “How can demonstrations on (university) campuses be criticized? That’s a way of life in the United States.”
On Thursday, the British police evicted two pro-Palestinian protesters who protested during their speech on populism to students from the University of Oxford, while abroad another group criticized her for her defense of Israel and her position on the movement to support Palestine.
