The layoffs will affect jobs globally and across the entire company, CEO Sundar Pichai told employees in an email Friday, writing that he takes “full responsibility for the decisions that have led us here.”
Google said the layoffs are global and are affecting US employees immediately.
“I am confident in the tremendous opportunity ahead thanks to the strength of our mission, the value of our products and services, and our early investments in AI,” Pichai said in the note.
Pichai said the tech giant will “support employees as they look for their next opportunity.”
In the US, he said, the company will pay employees during the full notice period (at least 60 days).
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We reported in November, citing media reports, that the tech giant had asked managers to identify the 6% of underperforming employees. Google employed about 1.56 thousand people at the end of 2021. A filing with the Securities and Exchange Commission revealed that the average salary at the company was $2,95,884.
Google has joined a growing list of tech companies that have cut their workforces in recent months, including Meta, Amazon, Microsoft and Twitter.
Meta CEO Mark Zuckerberg announced that the company will cut 13% of its workforce, or about 11,000 people.
Since Elon Musk took office, Twitter has cut more than 50% of its 7,500-strong workforce. E-commerce giant Amazon is also planning to lay off 18,000 employees.
Meanwhile, tech giant Microsoft said it plans to cut nearly 10,000 jobs or roughly 5% of its workforce by the end of the third quarter of fiscal 2023 in a bid to save $1 billion in costs.
Earlier today, Google announced that it will defer a portion of its year-end bonuses for its employees as part of the transition to a new performance management system.
“The company will pay an 80% upfront bonus to qualified employees initially and the rest in subsequent months,” a company spokesperson told Reuters, adding that the move was notified to employees last year.