Job losses in tech industry - Google to cut global workforce by 12,000

With a wave of job cuts within the tech industry sweeping across the globe, Google's parent company, Alphabet Incorporated is the latest to announce its intentions to carry out a similar exercise.

The tech giant has said it will cut about 12,000 jobs, more than six per cent of its global workforce in a move that makes it the latest within its class to retrench after years of abundant growth and hiring.

Reports say, the cuts will affect jobs globally and across the entire company.

It is not yet clear how many of its staff in Ghana and Africa will be affected but there are hints that the intended action is a bother to many.

Severance packages for the affected staff will include vacation, bonus pay and healthcare.

The Chief Executive Officer, Sundar Pichai is reported to have told employees in an email today (Jan 20, 2023), that he takes “full responsibility for the decisions that led us here.”

Earlier in the week

Earlier in the week, Microsoft also hinted of plans to cull thousands of jobs worldwide in response to a global economic downturn.

The exercise follows similar moves by other companies across the sector and forms part of efforts to cut cost and reduce headwinds.

While Google is cutting 12,000, Microsoft is preparing to axe around five per cent of its total workforce of more than 220,000, which would equate to around 11,000 jobs.