Why did Google layoff and stop filing PERM for foreign workers?
A new development amidst layoffs. What is next for the employees of Google? Which teams were affected the most? Which other companies are next?
A Google layoff in 2023 is just one of several recent changes at Alphabet, the company behind Google. Other notable changes at the tech giant include a hiring freeze in the first quarter, and the loss of 1,100 technology positions in the second and third quarters. These cuts affect teams throughout the company. Google will also stop filing PERM for foreign workers.
Alphabet's job losses affect teams across the company
Alphabet, Google's parent company, announced plans to cut about 12,000 jobs worldwide. The cuts will affect a number of teams across the business, including engineering, product and corporate functions.
Alphabet's stock price rose by 5 percent after the announcement, with investors praising the company for its decision. Alphabet had about 187,000 employees at the end of September.
The layoffs were the latest to hit the technology industry, following similar moves by Amazon and Microsoft. While Amazon laid off about 18,000 workers last week, Microsoft laid off 10,000.
CEO Sundar Pichai wrote an open letter to employees. He outlined the company's priorities, which include artificial intelligence and "capture huge opportunities." He praised staff for their contributions, but also acknowledged the need for restructuring.