Google and Alphabet CEO Sundar Pichai has just announced that the company will be reducing its workforce by around 12,000 employees, which is around 6% of its global workforce.
Google Workforce Reduction and Future Plans
In the blog, Pichai mentions difficult economic cycles as a factor in the decision of the company. According to reports, the company’s revenue grew to USD 69 billion this year but actual profits went down to USD 13.9 billion.
“These are important moments to sharpen our focus, re-engineer our cost base, and direct our talent and capital to our highest priorities,” he said in the blog.
In addition to detailing the process of the workforce cuts, Pichai also hinted at the future plans of Google. Among these include a shift into AI, specifically developing AI-related services to compete with rival companies.
“We have a substantial opportunity in front of us with AI across our products and are prepared to approach it boldly and responsibly,” he said.
If you’re interested in reading the full blog from Google, click here.
Ram found his love and appreciation for writing in 2015 having started in the gaming and esports sphere for GG Network. He would then transition to focus more on the world of tech which has also began his journey into learning more about this world. That said though, he still has the mentality of "as long as it works" for his personal gadgets.