Google parent Alphabet to layoff 12000 jobs worldwide

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Google parent Alphabet announced that it is planning to cut roughly 12,000 jobs or 6% workforce worldwide
The job cuts affect teams across the company including recruiting and some corporate functions, as well as some engineering and products teams.

  • Company will pay employees during the full notification period (minimum 60 days).
  • Google will also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU vesting.
  • They will pay 2022 bonuses and remaining vacation time and will be offering 6 months of healthcare, job placement services, and immigration support for those affected.
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Why? EU fines are cutting their profits

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also it lost to CCI case for android pre-installed OS and apps in India

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only 6% ... 

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Christopher Hohn —who revealed toward the end of last year that his hedge fund held a $6 billion stake in the Google parent company— wrote to Pichai to urge the tech giant to take the job cuts much further to 20%

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