An American multinational technology company, Google to sack employees from its news division.
“We’re deeply committed to a vibrant information ecosystem, and news is a part of that long-term investment,” the spokesperson said.
“We’ve made some internal changes to streamline our organization. A small number of employees were impacted”, the spokesperson added.
“We’re supporting everyone with a transition period, outplacement services, and severance as they look for new opportunities at Google and beyond”, the spokesperson further said.
The company is expected to lay off 40-45 employees as reported by CNBC. However, the spokesperson didn’t provide the exact number of impacted employees. As per the claims there are ‘hundreds of people’ are still working in Google’s news division.
Recently, KPMG is planning to sack nearly 100 jobs in its deal advisory business in the UK.
The layoffs at the organization are expected to impact around 6 percent of the 1,700 KPMG deal advisory team in the UK.
Microsoft-owned LinkedIn announced to lay off 668 employees across the engineering, product, talent, and finance teams.
The company said, “Talent changes are a difficult, but necessary and regular part of managing our business. The changes we shared with our team today will result in a reduction of approximately 668 roles across our engineering, product, talent, and finance teams.”
“While we are adapting our organizational structures and streamlining our decision-making, we are continuing to invest in strategic priorities for our future and to ensure we continue to deliver value for our members and customers”, the company added.
The company further said, “We are committed to providing our full support to all impacted employees during this transition and ensuring that they are treated with care and respect.”
The move of layoffs is part of a larger trend as companies cutting jobs and slowing hiring as investors become increasingly fearful of a recession. Tech companies have either frozen the hiring process or laid off many employees.
So far in 2023, there have been 1,698 layoffs at tech companies with 370,610 people impacted (1,269 people per day). In 2022, there were 1,557 layoffs at tech companies with 243,318 people impacted (667 people per day).
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