Google to cut global workforce by 12,000 as revenue dwindles

Google didn’t specify how many roles are being cut and said it was working with affected employees to find them new positions in the company. PHOTO: ALAIN JOCARD/AGENCE FRANCE-PRESSE/GETTY IMAGES

WASHINGTON - The Tech giant - Google's parent company, Alphabet Incorporated has announced that they will be laying off 12,000 of their employees this year.

This is more than six percent of its global workforce in a move that makes it the latest within its class to retrench after years of abundant growth and hiring.
It has emerged that the job cuts will affect jobs globally and across the entire company.

However, it is not yet clear how many of its staff in 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 that he takes “full responsibility for the decisions that led us here.”

Earlier in the week, Microsoft also hinted at 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 costs and reduce headwinds.

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

GAROWE ONLINE