Google Parent Alphabet Announces Layoffs in Global Recruitment Team
Written by Sanjay Kumar
Alphabet Inc.
Multinational conglomerate company
- CEO: Sundar Pichai (3 Dec 2019–)
- Founders: Larry Page, Sergey Brin
- Subsidiaries: Google, Waymo, Verily, X Development, MORE
- Headquarters: Mountain View, California, United States
- CFO: Ruth Porat
- Chairperson: John L. Hennessy
- Founded: 2 October 2015, California, United States
- Key people – Larry Page (board member), Sergey Brin (board member), John L. Hennessy (Chairman), Sundar Pichai (CEO), Ruth Porat (CFO)
In response to a slowdown in hiring, Google parent company Alphabet has confirmed layoffs within its global recruitment team, a move that marks the first significant reduction in the company’s workforce this quarter. The decision, announced on Wednesday (September 13), comes as Alphabet aims to streamline its operations and refocus its hiring efforts on critical roles.
The layoffs, affecting several hundred employees, are not indicative of a widespread downsizing initiative. Alphabet intends to retain a significant portion of the recruitment team, emphasizing their importance in filling essential positions within the company. Additionally, Alphabet is actively assisting the affected employees in finding alternative roles, both within the organization and beyond.
This development follows the trend set by other major tech companies, such as Meta, Microsoft, and Amazon, which undertook aggressive downsizing earlier in 2023. These moves were primarily driven by economic uncertainties that disrupted their hiring momentum, which had surged during the pandemic.
Earlier this year, in January, Alphabet implemented a significant workforce reduction, eliminating approximately 12,000 jobs, equivalent to a 6% reduction in its overall workforce. This move was seen as a strategic response to evolving market conditions.
The labor market landscape in the United States has witnessed a notable increase in layoffs, with figures for August surging more than threefold compared to July and nearly quadrupling when compared to the same period last year, according to a report by employment firm Challenger, Gray & Christmas.
Economists surveyed by Reuters had previously anticipated an approximately 8% increase in new claims for state unemployment benefits for the week ending September 9th. This projection followed a decrease of 13,000 claims to 216,000 in the preceding seven-day period.
Alphabet’s latest move to adjust its workforce aligns with broader trends in the tech industry, reflecting the ongoing challenges presented by economic fluctuations and evolving business priorities. The company’s commitment to assisting affected employees in their career transitions underscores its dedication to its workforce’s well-being during this period of change.
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