This Tech Company Now Announces Unexpected Layoffs

A giant tech company now announces unexpected layoffs which will affect hundreds, part of its plan to ‘push for efficiency’.

Google cut several hundred jobs across the company late Wednesday night, a spokesperson confirmed.

The layoffs will impact employees in Google’s central engineering, hardware and Assistant teams.

The announcement marks the latest cost-cutting effort at Google as it works to rein in the dramatic growth that took place during the pandemic, reports CNBC.

Last January, Google slashed its workforce by a whopping 12,000 people, or roughly 6% of its full-time employees.

The company made other cuts to its recruiting and news divisions later throughout the year.

Google has also shifted its focus to prioritize developments in areas like artificial intelligence, launching products like the chatbot Bard and the large language model Gemini as it races to keep up with competitors like Microsoft and Amazon.

“To best position us for these opportunities, throughout the second half of 2023, a number of our teams made changes to become more efficient and work better, and to align their resources to their biggest product priorities,” a Google spokesperson told CNBC in a statement.

“Some teams are continuing to make these kinds of organizational changes, which include some role eliminations globally.”

Google also made significant cuts to diversity, equity and inclusion programs last year, CNBC found.

The Alphabet Workers Union expressed disappointment about the latest round of layoffs at Google in a statement on X, formerly known as Twitter, late Wednesday, calling them “needless.”

“Our members and teammates work hard every day to build great products for our users, and the company cannot continue to fire our coworkers while making billions every quarter,” the group wrote in a post.

“We won’t stop fighting until our jobs are safe!”

Also Read: Massive Layoffs in Ohio Now Announced For 2024

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Market News Today - This Tech Company Now Announces Unexpected Layoffs.
Market News Today – This Tech Company Now Announces Unexpected Layoffs.

Retail giant Amazon now announces massive layoffs for 2024 as it plans to let go of several hundred of its employees.

This week Amazon laid off “several hundred roles” across its Prime Video and MGM Studios organization, the company confirmed to Retail Dive.

It also is reportedly laying off a whopping 500 people in its Twitch livestreaming unit, according to CNBC.

Twitch CEO Dan Clancy said the cuts were being made in an effort to “rightsize our company.”

Amazon acquired Twitch for almost $1 billion in 2014.

The site is most known as a popular livestreaming platform for video gamers.

After buying Twitch, Amazon was largely hands off with the unit, though it has offered Prime subscribers perks on the livestreaming platform, such as free games and in-game loot.

“I know many of you are wondering why this is happening. Over the last year, we’ve been working to build a more sustainable business so that Twitch will be here for the long run and throughout the year we have cut costs and made many decisions to be more efficient,” Clancy wrote.

“Unfortunately, despite these efforts, it has become clear that our organization is still meaningfully larger than it needs to be given the size of our business.

Last year we paid out over $1 billion to streamers. So while the Twitch business remains strong, for some time now the organization has been sized based upon where we optimistically expect our business to be in 3 or more years, not where we’re at today.”

Meanwhile, Amazon closed its last remaining Fresh Pickup location in Seattle at the end of last year, around the same time it announced it was closing its brick-and-mortar apparel stores.

Amazon has already closed all of its bookstores, 4-star stores and pop-ups.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

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Market News Today - This Tech Company Now Announces Unexpected Layoffs.
Market News Today – This Tech Company Now Announces Unexpected Layoffs.

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