Google joins the tech layoff spree

Alphabet’s Google said Friday morning that it would lay off 12,000 employees, making it the latest tech giant to unveil significant job cuts. CEO Sundar Pichai told employees in a memo that the decision was based on a “rigorous review” of the company’s business, and that the layoffs would affect various regions and product areas. “As an almost 25-year-old company, we’re bound to go through difficult economic cycles,” Pichai said. Google’s announcement comes two days after Amazon started laying off 18,000 people and Microsoft said it would slash 10,000 jobs.

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