Layoffs in the high-tech industry in the United States do not weaken, and yesterday Alphabether mother Google, said it would cut about 12,000 jobs, more than 6% of its global workforce. It’s the latest in a string of tech giants forced to lay off staff after years of rapid growth and multiple hirings, according to Bloomberg news agency in a report. The cuts will affect jobs globally and throughout the company, CEO Sadar Pichai said yesterday in an email to employees. In the same place, he stated that he takes full responsibility “for the decisions that brought us here.”

The number of Alphabet employees worldwide will be reduced by 6%.

Alphabet’s share price rose 1.8% in pre-market trading yesterday after the announcement was made public. Shares have fallen about 30% in the past year. With the aforementioned layoffs, Google joins a chorus of other tech giants, most notably Microsoft earlier this week, that have drastically reduced their workforce and international operations. These decisions were deemed necessary in the face of a weakening global economy and soaring inflation. OUR Platform meta, Twitter and Amazon.com reduced staff. With its flexible search business, Google had one of its biggest technological advantages. However, the company is facing a slowdown in growth for its digital advertising and cloud software division, trailing Amazon and Microsoft.

“This is an important time to sharpen our focus, rebuild our cost base and direct our talent and capital to our highest priorities,” Pichai wrote in an email to employees. He added that the company has “significant capabilities” in artificial intelligence, a key area of ​​investment in which Google faces explosive competition. Its chief stressed that Alphabet’s parent company will pay at least 16 weeks of severance pay and six months of sick pay in the United States to those laid off. Employees in other countries are expected to receive compensation packages in accordance with relevant legislation. According to Mr. Pichai, this will not affect bonuses. In October, the company reported third-quarter earnings and revenue that fell short of analysts’ expectations. Profit fell 27% to $13.9 billion from the previous year. At the time, Alphabet/Google CEO stressed that Google would cut costs, while CFO Ruth Porat said new jobs would more than halve in the fourth quarter compared to the previous period.