Google could be the next tech giant to lay off employees, after its CEO Sundar Pichai hinted at possible job cuts.
Indeed, in recent years, the tech industry has seen thousands of layoffs from major tech giants such as Meta, Twitter, Amazon, Microsoft.
Recently, during a general meeting, when employees asked Pichai about the layoffs, he replied that it was difficult to predict the future, as reported by Business Insider. He added that he couldn’t honestly make any forward-looking commitments on the matter.
He also told employees that the company strives to make important decisions, be disciplined, prioritize and streamline when it can.
This is not the first time he has hinted at layoffs.
Earlier in September, the CEO hinted at possible layoffs at the company as he sought to make the company 20 percent more efficient after years of rapid hiring.
Speaking at the Code Conference in Los Angeles, Pichai explained how he planned to make the company more efficient amid economic uncertainty and a general slowdown in ad spending, of which Google has been the biggest beneficiary to date, according to CNBC.
Earlier in August, Pichai had said that while the company added 10,000 employees in the second quarter, it would slow the pace of hiring for the rest of the year.
The hiring pause is part of that slowdown, Google said, « to allow teams to prioritize their roles and hiring plans for the rest of the year. » The company had nearly 164,000 employees at the end of March.
According to a New York Post report, sales management had threatened employees with a « global review of sales productivity and productivity in general. »
Speaking of the technology sector, according to data from consulting firm Challenger, Gray & Christmas cited by Bloomberg, 9,587 jobs were cut in October, the highest monthly total since November 2020.
The report also shows that the total number of job cuts announced by U.S. employers in the past month is up, by 13%, with 33,843 layoffs at various positions across dozens of companies.
Companies like Amazon are planning to cut about 10,000 jobs. Meta has laid off 11,000 employees, or about 13 percent of its total workforce. Twitter has cut about half of its jobs. HP plans to cut up to 6,000 jobs over the next three years as declining demand for personal computers cuts into profits. Intel is cutting jobs and slowing spending on new factories in an effort to save $3 billion next year. Even Apple, which has outperformed most of its peers this year, is slowing its spending. The question then becomes, will this climate of austerity persist over time?