Page 6 - Google Layoffs News Today

Google is preparing to pay out more than $700 million to former employees at the company as part of the outgoing severance packages.

Alphabet, Google's parent company, disclosed this information alongside its Q4 earnings report.

Last year, Google spent a total of $2.1 billion on severance pay. The tech layoffs were thought to be left behind in 2023, but tech giants continue to conduct job cuts with some saying that it was due to cutting costs.

Notable major technology and media corporations in the United States have begun 2024 with a fresh round of job cuts, with reasons citing the global economic crisis that is expected to remain persistent in the new year.

2024 has already proven to be a difficult year for layoffs. A handful of companies have been making job cuts in recent weeks, bringing uncertainty for workers across industries.

In both retail and tech, some companies are trimming their workforce after a period of increased hiring during the Covid-19 pandemic.

SAP this week said it will let go of 8,000 employees and Microsoft removed 1,900 positions in its gaming division. Fintech startup Brex laid off 20% of its staff and eBay slashed 1,000 jobs, or 9% of its full-time workforce.

According to the Wall Street Journal, Salesforce still has 1,000 jobs open across the company, implying that the move could be more of a routine adjusting of the companys workforce

Salesforce Layoffs: According to the Wall Street Journal, Salesforce still has 1,000 jobs open across the company, implying that the move could be more of a routine adjusting of the companys workforce

Google employees rally against layoffs affecting approximately 15,000 individuals. Alphabet Workers Union protests bogus talking points, citing chaos, increased workloads, and dissatisfaction.