The tech giant's move mirrors similar actions by other prominent companies such as Amazon, Citigroup, Xerox, and BlackRock, who are also reducing their workforce to cut costs and promote efficiency. Factors such as the rise of artificial intelligence and the need to right-size the workforce after pandemic hiring sprees have contributed to these decisions.
Key takeaways:
- Google's CEO, Sundar Pichai, has warned employees to expect more job cuts this year, following a series of layoffs across the company's operations.
- The job cuts are aimed at creating capacity for investment in big priorities and simplifying execution in some areas.
- Other prominent companies, including Amazon, Citigroup, Xerox and BlackRock, are also making cuts to reduce costs and promote efficiency.
- Artificial intelligence and efforts to right-size the workforce after pandemic hiring sprees have played a role in the job cuts across various companies.