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The Latest Breaking News from Sundar Pichai

Google to cut 12,000 jobs in 6% reduction of global workforce

Google parent Alphabet Inc. said it will cut about 12,000 jobs, more than 6% of its global workforce, becoming the latest tech giant to retrench after years of abundant growth and hiring.

Tribune News Service

Google Slashes 12,000 Jobs In Latest Round Of Big Tech Layoffs

Google and Alphabet CEO Sundar Pichai has announced that the American tech giant is cutting approximately 12,000 jobs, which is around 6 per cent of its global workforce. Read on for details:

Dynamite News

Google owner to slash 12,000 jobs in latest record round of layoffs in tech

Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs.

France 24

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Google parent cutting 12,000 jobs

Google’s parent company Alphabet said on Friday it would cut 12,000 jobs globally, citing a changing “economic reality”, becoming the latest US tech giant to enact large-scale restructuring.

Bangkok Post

Google axes 12,000 jobs, layoffs spread across tech sector

“We hired for a different economic reality than the one we face today,” CEO Sundar Pichai said Friday in an email to staff that was also posted on the company’s news blog.

Chicago Sun-Times

Google owner Alphabet announces 12,000 job cuts as it follows Microsoft's cull of 10,000

Google has more than 5,000 employees in the UK

Wales Online

Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January

The layoffs at Google follow similarly huge cuts at Microsoft, Amazon and Salesforce. Tech companies who hired rapidly during the pandemic now face fears of recession.

WEKU

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Google Ireland job fears as firm to lay off 12,000 workers in latest blow to tech sector

It comes after other companies including Microsoft, Amazon and Meta recently announced plans to axe workers.

Irish Mirror

Google search had its most popular day ever during the World Cup final

The stunning final between Argentina and France sent fans rushing to Google to keep up with the score

Evening Standard

India's Envoy To US Hands Over Padma Bhushan To Sundar Pichai

On the eve of the 73rd Republic Day, the Ministry of Home Affairs stated that Sundar Pichai would be conferred with Padma Bhushan.Read on for details:

Dynamite News

Hedge fund manager at Rishi Sunak’s old workplace paid himself $1.9 million a day this year

His fund holds stakes in some of the world’s biggest companies.

Fortune

End of an era? Get to know the big bosses quietly reshaping how tech does business...

With Elon mayhem at Twitter and mass firings at Meta, Silicon Valley is in chaos. Meanwhile, some low-key kingpins are quietly reshaping how tech does business (and you’ve probably never heard of them). Kate Wills reports

Evening Standard

Big Tech's recent hiring splurge will make cutting costs even harder

Meta, Alphabet and Microsoft all saw headcount rise 20% or more last year, making cutting costs hard.

Axios

If You Invested $1,000 In Google The Last Time It Reported Earnings, Here's How Much You'd Have Now

Back in July, Google parent company Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL), reported its second-quarter earnings,

Benzinga

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Tribune News Service

Google parent Alphabet drops as earnings, sales miss estimates

After reporting earnings and revenue that missed expectations, Google parent Alphabet Inc. said on Tuesday it would slow hiring and control expenses, signaling that it was girding for tough times ahead as the economy falters.

The Guardian - UK

Money isn’t important! Take it from Google’s multimillionaire CEO

What’s more annoying than a very rich boss cutting his staff’s benefits? A very rich boss announcing it shouldn’t stop them having fun

The Independent UK

Multi-millionaire Google CEO Sundar Pichai tells workers don’t ‘equate fun with money’ during meeting

The company reported disappointing earnings figures in July

Input

Tech CEOs come together to rail against TikTok, ignoring domestic threats

Big Tech loves to hate on TikTok, but there are plenty of privacy threats that live much closer to home.

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Axios

TikTok unites tech factions against it

At the Code Conference, rivals, tech giants and tech critics all described the Chinese-owned platform as a threat.

The Guardian - UK

Siri or Skynet? How to separate AI fact from fiction

Determining the way artificial intelligence is used and governed will be one of the century’s key political battlegrounds. Here’s what everyone needs to know

Benzinga

Benzinga Before The Bell: Alibaba's Delisting Concerns, Amgen's Potential $10.7B Tax Bill, Kenya Will Not Shut Facebook Services And Other Top Financial Stories Monday, August 1

CNBC

Chicago Tribune

Google will be new occupant of Chicago's iconic, controversial James R. Thompson Center

CHICAGO — Google has agreed to buy the soon-to-be-renovated James R. Thompson Center in heart of the Loop, a victory for Chicago’s central business district and for Illinois Gov. J.B. Pritzker as he seeks reelection and fends off criticism over recent high-profile corporate departures.

Asharq Al-Awsat

Google-parent Alphabet's Profit Slips as Growth Slows

Google-parent Alphabet reported Tuesday its profit and revenue slipped as the internet giant's long sizzling ad revenue growth cooled, but the market seemed relieved the news wasn't worse. Big tech firms are grappling with multiple problems, from inflation to the war in Ukraine, and results in general for the quarter…

Investors Business Daily

Inspirational Quotes: Sundar Pichai, James Gleick And Others

Read inspirational quotes about adding to your knowledge, enjoying your life's path and embracing diversity.

Benzinga

Benzinga Before The Bell: Most Effective Covid-19 Vaccine, Google's Hiring Slowdown, Panasonic's New EV Battery And Other Top Financial Stories Wednesday, July 13

CNBC Bankrupt Crypto Firm Three Arrows Capital’s Assets Frozen By New York Judge

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