Google parent Alphabet to cut 12,000 jobs, citing 'economic reality’

TL;DR

The fact that these changes will impact the lives of Googlers weighs heavily on me, and I take full responsibility for the decisions that led us here."The technology sector has racked up massive job losses of late amid a slowing global economy.Google's announcement comes just 48 hours after Microsoft announced plans to cut 10,000 jobs, and coincides with the first round of layoffs previously announced by Amazon that will ultimately affect a total of 18,000 workers.Workers would also be offered severance packages starting at 16 weeks salary, plus two weeks for every additional year at Google, with 2022 bonuses and remaining vacation time also expected to be paid, he said.He added that workers would also be offered six months of health care, job placement services and immigration support if needed."

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