Google cuts 12,000 jobs globally as it faces economic headwinds

Google’s parent company, Alphabet, cuts thousands of jobs as the tech industry continues to see massive job losses.<br><br>“Over the past two years we’ve seen periods of dramatic growth. To match and fuel that growth, we hired for a different economic reality than the one we face today,” CEO Sundar Pichai said in a memo.<br><br>He added: “We’ve undertaken a rigorous review across product areas and functions to ensure that every dollar counts. As a result, we’ve decided to reduce our workforce by approximately 12,000 roles.”<br><br>He said the positions had been identified after a review of the company’s operations. He added reductions were being made in the areas of recruitment, but also cuts were coming in engineering and products.