Google parent to lay off 12000 workers as AI focus intensifies – Reuters
Jan 20 (Reuters) – Google’s parent Alphabet Inc (GOOGL.O) said on Friday it is cutting about 12,000 jobs, or 6% of its workforce, as the technology sector reels from layoffs and companies stake their futures on artificial intelligence (AI).
Alphabet’s shares rose almost 4% in pre-market trading.
The cuts come at a delicate moment for the U.S. company, which has long been the leader in key areas of AI research.
Alphabet now faces a challenge from Microsoft Corp (MSFT.O) in a branch of tech that can, for instance, create virtually any content a user can think up and type in a text box.
Microsoft this week said recession worries were forcing it to shed 10,000 jobs, less than 5% of its workforce, and would focus on imbuing its products with more AI going forward — a point Alphabet’s CEO Sundar Pichai echoed in a staff memo.
Alphabet faced “a different economic reality” from the past two years when it rapidly expanded headcount, decisions for which Pichai said he took “full…
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source: https://news.oneseocompany.com/2023/01/20/google-parent-to-lay-off-12000-workers-as-ai-focus-intensifies-reuters_2023012039488.html
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