Alphabet, Google’s parent company, has announced it will cut 12,000 jobs amid slowing global economic growth.
Chief executive Sundar Pichai sent an email to employees revealing the cuts that represent approximately 6pc of its global workforce.
He stated that he accepts “full responsibility” for the decisions that brought us to this point.
Staff were told by Mr Pichai that there have been periods of remarkable growth over the past two years.
“To match that growth and fuel it, we hired for an economic reality different from the one we currently face.”
Alphabet’s job cuts follow massive job losses at other Silicon Valley giants.
Meta, a Facebook employee who cut over 11,000 jobs in November and Amazon announced this month that it would be laying off 18,000.
Twitter has fired more than 3000 people since Elon Musk, a $44bn (£36bn), deal to take over the social media network in October.
