​Alphabet (Google) says it will cut 12,000 jobs, or 6% of its total, after, like other tech giants, it grew too fast during the pandemic and now has to cut costs.

Reuters was the first to report this.

Sundar Pichai, Google’s chief executive, says the group has grown its workforce rapidly in recent years, but the economic reality was very different back then, so it needed to take action.

Microsoft will lay off 10,000 employees worldwide

This is the biggest layoff in Google history. This will affect all geographic regions and all major divisions.

Alphabet’s market capitalization is $1.2 trillion.

The number of employees is about 200,000, which is twice as many as four years ago. In 2015, the company had 61 thousand people, in 2017 – 80 thousand, and in 2021 – 140 thousand.

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