Large tech companies continue to lay off employees: Google and Amazon They revealed they laid off hundreds of employees from various work groups.
Google Specifically, layoffs in hardware, voice assistants, and engineering teams as part of cost reduction measures.
However, the e-commerce giant Amazon chose to take this harsh measure against its employees. Prime Video platform and MGM Studios.
What’s the meaning behind the measures?
Google’s layoffs come as the company tries to “Invest responsibly in the company’s highest priorities and significant opportunities ahead,” the tech giant said in a statement.
“Some teams continue to make these types of organizational changes, which Including removing some features globally”he added.
Google has announced hundreds of job cuts, mostly in its augmented reality hardware team.
Companies such as Linkedin or Nokia have also made layoffs in recent days
The layoffs follow commitments by executives at the company and its parent Alphabet to cut costs. Google said a year ago that it would lay off 12,000 employees, about 6% of its workforce.
It’s not the only tech company to be in the process of layoffs. Last year, Meta (the parent company of Facebook) cut more than 20,000 jobs to appease investors. In 2023, the group’s share price rose by approximately 178%.
what amazon did
Mike Hopkins, Amazon’s head of research and streaming, explained that they identified “opportunities to reduce or disrupt investment in certain areas while also We increase investment and focus on content and product initiatives with the highest impact“He said.
The manager said affected personnel in the United States will be notified on Wednesday morning local time in Seattle, and Those in other parts of the world will be notified this weekend.
In this sense, news emerged on Tuesday that the multinational company is finalizing changes to Twitch that will affect 35% of its employees, or about 500 people.So, these They will join the 27,000 people who will lose their jobs in late 2022 and early 2023 once the surge in pandemic demand subsides.