Google's parent company Alphabet announced, on Friday, it will cut about 12,000 jobs globally, citing a changing economic reality as it became the latest US tech giant to enact large-scale restructuring.
Google has turned to founders, Larry Page and Sergey Brin, who have left their daily roles at the tech titan, for help responding to the threat posed by the chatbot, according to a New York Times report.Google declined to comment directly on the Times report.
“We continue to test our AI technology internally to make sure it’s helpful and safe, and we look forward to sharing more experiences externally soon.” He said he remained “optimistic about our ability to deliver on our mission, even on our toughest days.” This tracked the effect of job cuts on other tech giants, with Meta’s share price up 35 per cent since it announced 11,000 job cuts on November 9 and Amazon’s stock was up 13 per cent since 18,000 people were let go earlier this month.Daniel Ives of Wedbush Securities said the layoffs highlight a long period of irresponsible spending across a sector basking in “hypergrowth.”
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