Google CEO Sundar Pichai said the company is planning to layoff 12,000 people. It's the latest tech company to slash jobs after rapid expansion during the pandemic.
Driving the news:posted on Google’s blog Friday that an email had already been sent to U.S. employees who will be affected by the layoffs. The process for international employees "will take longer due to local laws and practices," he said.
“Over the past two years we’ve seen periods of dramatic growth," Pichai wrote on the Google blog. "To match and fuel that growth, we hired for a different economic reality than the one we face today." He said Google plans to eliminate jobs after a review "across product areas and functions to ensure that our people and roles are aligned with our highest priorities as a company."Pichai said Google will pay employees during their full notification period, with a minimum of 60 days along with a severance package, which will begin at 16 weeks salary with an additional two weeks of pay for every additional year worked at Google.
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