Layoffs in tech sector in 2023 - Google is not the Canary in the Coalmine
The tech sector, which has long been considered a bastion of job security and stability, is facing a wave of layoffs in 2023 as companies navigate the economic fallout from the ongoing pandemic. One of the most high-profile examples of this trend is the recent announcement by Google, a leading player in the Tech and search space, that it would be cutting 12-15,000 jobs as part of a larger restructuring effort. The company cited the ongoing economic uncertainty and decline in demand for its products as the primary drivers behind the decision. The Sundar Pichai CEO of Google and its parent company Alphabet explained in a blog : I have some difficult news to share. We’ve decided to reduce our workforce by approximately 12,000 roles. We’ve already sent a separate email to employees in the US who are affected. In other countries, this process will take longer due to local laws and practices. This will mean saying goodbye to some incredibly talented people we worked hard to hire and have