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Google cuts add to tech wipeout that has claimed over 100,000 jobs

Big tech companies benefitted from boom in e-commerce sector that kicked off during Covid lockdowns in 2020 but now they are reporting declining growth rates as customer behavior returns to normal

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Photo: Bloomberg

Bloomberg
Alphabet Inc.’s plan to reduce headcount by more than 6% — about 12,000 roles — is adding to mass job cuts that are accelerating at technology companies around the world. 
The tech sector announced 97,171 job cuts in 2022, up 649% compared to the previous year, according to consulting firm Challenger, Gray & Christmas Inc. Disclosures about cuts at Google’s parent company, Microsoft Corp., and Amazon.com Inc. have added another 30,000 positions in January.

Big tech companies like these benefitted from a boom in e-commerce spending and remote work that kicked off during the Covid-19 pandemic lockdowns in 2020. Now, many

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First Published: Jan 20 2023 | 9:55 PM IST

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