Winning Bizness Sports Desk

Mumbai. Google's parent company Alphabet has once again laid off its employees. The tech giant has cut employees from its global recruiting team. According to a report, the decision to retrench a few hundred positions is not part of a wider layoff, and team numbers for key roles are said to be maintained. It is the first "big tech" company to lay off employees in the second quarter of the new fiscal year. Notably, several large companies such as Meta, Microsoft and Amazon have already cut jobs in early 2023. Google parent Alphabet cut about 12,000 jobs in January, including recruiting and engineering. These layoffs were reduced worldwide, accounting for about 6 percent of the total workforce. Amazon had announced 18,000 job cuts. A few weeks later, Microsoft also announced the exit of 10,000 employees. We have already sent a separate email to the employees in the US who will be losing their jobs. In other countries, the process may take a little longer due to local laws and practices.

Layoffs: the global phenomenon

The process of layoffs is underway globally, including in the United States. Along with big companies, startup companies have also shown the way out to their employees. Employment firm Challenger reports that gray and Christmas jobs in the U.S. tripled from July to August and nearly quadrupled from the same period a year ago. Economists polled by Reuters had forecast that new claims for state unemployment benefits would rise about 8 percent in the week ended Sept. 9.