Google parent to lay off 12,000 workers in latest blow to tech sector

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Reuters UK

By Jeffrey Dastin (Reuters) – Google’s parent Alphabet Inc is eliminating about 12,000 jobs, or 6% of its workforce, the company said Friday, in the latest cuts to shake the technology sector. Sundar Pichai, Alphabet’s CEO, said in a staff memo shared with Reuters that the company had rapidly expanded headcount in recent years “for a different economic reality than the one we face today.” “I take full responsibility for the decisions that led us here,” he said. The cuts come days after rival Microsoft Corp said it would lay off 10,000 workers. Alphabet’s job losses affect teams across the comp…

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