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Alphabet Inc to Cut 12,000 Jobs

Alphabet Inc, the parent company of Google, will be laying off 12,000 workers, according to a memo from the CEO.

Google build
Google build

The cuts will affect teams across the company, including recruiting, corporate functions, engineering, and product teams.

Tech Industry Hit with More Layoffs

This latest round of layoffs at Alphabet Inc follows a similar announcement from rival Microsoft, who stated they would be cutting 10,000 jobs. The technology sector continues to be impacted by the economic effects of the COVID-19 pandemic.