Google parent company, Alphabet, has announced plans to cut 12,000 jobs from its workforce. The move, which represents around 2% of the company’s total workforce, is being made as a cost-saving measure amid the ongoing COVID-19 pandemic.
The job cuts will primarily affect the company’s X division, which focuses on developing new technologies such as self-driving cars and internet-beaming balloons. Alphabet CEO Sundar Pichai explained in a blog post that the pandemic has accelerated the company’s shift towards remote work, leading to a reduction in the need for office space and other resources.
The decision to cut jobs is not unique to Alphabet. Many companies, both large and small, have been forced to make similar moves in order to stay afloat during the economic downturn caused by the pandemic. However, the fact that one of the world’s most successful and profitable companies is taking this step is a clear indication of the severity of the crisis.
Despite the job cuts, Pichai emphasized that Alphabet will continue to invest in new technologies and innovation. He also noted that the company will work to provide support and resources to those who are affected by the layoffs.
The announcement of the job cuts has been met with mixed reactions. Some have criticized the company for not doing more to support its workers, while others have praised the company for taking a necessary step to ensure its long-term survival.
Overall, the news of Alphabet cutting 12,000 jobs is a reminder of the ongoing impact of the COVID-19 pandemic on the global economy. While the company’s decision may be difficult for those affected, it is important to remember that the company has a responsibility to its shareholders and employees to make the best decisions for its future.