Google to lay off 12,000 employees worldwide due to falling revenue

Google’s parent company, Alphabet, has announced it is laying off 12,000 employees due to the company’s falling revenue. The number of laid-off employees is 6% of their total number worldwide. In 2018, the company took the lead in the international list of the 500 best employers according to Forbes, continuing this tradition in subsequent years.

The cuts will affect Google employees around the world and are directly related to the company’s falling profitability. So in October 2021, Alphabet had 27% more revenue than in the same month last year. Even then, the company, although it did not enter the red, was not pleasantly surprised, because the financial quarter of 2021 turned out to be the worst (+ 6% to income) over the past ten years.