Google laying off 12,000

Google is joining Microsoft and Amazon in instituting a wave of mass layoffs, as the company this morning said it would be cutting 12,000 jobs.

As reported by CNBC, Google CEO Sundar Pichai told employees in a Friday morning memo that the cuts would begin immediately in the US, while other countries would take longer “due to local laws and practices.”

“Over the past two years we’ve seen periods of dramatic growth,” Pichai said. “To match and fuel that growth, we hired for a different economic reality than the one we face today.

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