Sundar Pichai apologises as Google parent Alphabet begins laying off 12,000 employees worldwide. - The News Vivo

Sundar Pichai apologises as Google parent Alphabet begins laying off 12,000 employees worldwide.

Sundar Pichai is the CEO of Alphabet Inc. and Google. He joined Google in 2004 as a product manager and has since held various leadership positions within the company, including overseeing Chrome browser development and leading the company’s Android division. Also Sundar pichai was named CEO of Google in 2015, and he was named CEO of Alphabet in 2019. Sundar Pichai holds a Bachelor of Metallurgical Engineering degree from the Indian Institute of Technology Kharagpur and a Master of Material Sciences and Engineering degree from Stanford University.

Sundar Pichai
Sundar Pichai

Sundar Pichai

Sundar Pichai serves on the boards of directors of both companies. He is well-known for his emphasis on artificial intelligence and machine learning, and has played a key role in the development of Google’s search algorithms, Chrome browser, and Android mobile operating system.Sundar Pichai is also an outspoken supporter of the use of technology in education, and has been involved in a number of initiatives to bring technology to underserved communities around the world. Sundar pichai has also played an important role in Google’s efforts to improve user privacy and security. Sundar Pichai is widely regarded as a highly respected leader in the technology industry, and his contributions to the field have been recognised with numerous awards and honours.

Alphabet Inc., parent company of Google, announced plans to cut 12,000 jobs, or more than 6% of its global workforce, becoming the latest tech behemoth to cut back after years of rapid growth and hiring. Sundar Pichai, CEO of Google, told employees in an email on Friday that the job cuts would affect the entire company and that he accepts “full responsibility for the decisions that led us here.”

Also with layoffs, Google joins a slew of other tech behemoths that have drastically reduced operations in the face of a faltering global economy and rising inflation. Meta Platforms Inc., Twitter Inc., and Inc. all reduced their workforces. Google has been one of the longest tech holdouts, avoiding major workforce reductions thanks to a resilient search business. However, the company is experiencing a slowdown in digital advertising, and its cloud-computing division is trailing Amazon and Microsoft Company limited

“All those are critical times for sharpening our focus, reengineering our cost base, and directing our talent and capital to our highest priorities,” Sundar Pichai wrote in an email.

Sundar pichai said that the company has a “substantial opportunity” with artificial intelligence, a key investment area where Google has recently seen a surge in competition.

The company reported earnings and revenue in October that fell short of analyst expectations. In comparison to the previous year, profit fell 27% to $13.9 billion. Sundar Pichai said at the time that Google would cut costs, and Chief Financial Officer Ruth Porat said that the number of new jobs would fall by more than half in the fourth quarter compared to the previous period.

Google’s headcount reduction comes in response to investor pressure to pursue a more aggressive spending-cutting strategy. TCI Fund Management Ltd. urged Alphabet in an open letter in November to publicly set a profit margin target, increase share buybacks, and reduce losses in its portfolio of Other Bets, Alphabet’s moonshot division. “The company has too many employees, and the cost per employee is too high,” said TCI Managing Director Chris Hohn, noting that Alphabet’s headcount had increased by 20% per year since 2017.

Based on the human-resources consulting firm Challenger, Gray & Christmas Inc., the tech sector will see the most job cuts in 2022__97,171 for the year, up 649% from the previous year.

Google has implemented a number of cost-cutting moves in recent months, including the cancellation of the next generation of its Pixelbook laptop and the permanent closure of Stadia, its cloud gaming service. Verily, Alphabet’s biotech unit, announced earlier this month that it was laying off 15% of its workforce.

Alphabet, according to Sundar Pichai, will pay affected employees 16 weeks of severance and six months of health benefits in the United States, with other regions receiving packages based on local laws and practises.

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