In contrast to the downsizing in January, however, the current layoffs are not part of a broad wave of layoffs, and according to Reuters information, the company will help the affected employees find employment in other areas of the company as well.
Alphabet is the first Big Tech company to lay off employees this quarter. Earlier, in January, the company eliminated about 12,000 jobs, reducing the number of employees by 6 percent.
Challenger, Gray & Christmas reported that layoffs in the U.S. more than tripled in August from July and nearly quadrupled from a year earlier.
Alphabet’s shares are up 55 percent this year.
The development of the Alphabet C exchange rate
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