Despite Google has been witnessing a huge expansion of the vast majority of its services and
its key operations, like research and marketing advertisement’s, Google
had terminated almost 12,000 workers during the year 2023, and has spent
more than two billion dollars on the employees retirement and other related expenses.
Photo Credits : Mint
According to Google, it has lost $2.1 billion to unemployment in the previous year. The software firm Google has laid off approximately twelve thousand workers during the year 2023, using the funds for retirement pay outs as well as additional expenses. Google let off more than a thousand employees previously during the month and also paid out a further 700 million dollars for the benefits to its employees.
The Verge’s website had recently reported that the business of Google had disclosed the number
during the fourth quarter results announcements.
Although this might seem like an enormous amount of funding, Google had generated a total of 86 billion dollars in the final quarter of 2023, showing improvement in the majority of its key business activity last fiscal year.
In comparison to this represents an increase of thirteen percent from the entire fourth quarter of the year 2022.
Lay- offs during the year 2023
According to Google, it has lost $2.1 billion to unemployment in the previous year. The software firm Google has laid off approximately twelve thousand workers during the year 2023, using the funds for retirement pay outs as well as additional expenses. Google let off more than a thousand employees previously during the month and also paid out a further 700 million dollars for the benefits to its employees. The fourth quarter results also indicated that there is an increase in Google’s computing and the marketing divisions also grew. But with $48 billion in earnings, Google Search continues to be the company’s main source of income.
The chairman and CEO of Google’s website, Sundar Pichai, stated that extra $10.7 billion in funding had been contributed by its subscription-based and gadgets cell division, which comprises applications like the premium edition of YouTube, music streaming service YouTube, YouTube television, and Google’s website.
Photo Credits : The Verge
Even while Google’s cloud business may lag well behind of Microsoft Azure and AWS, the division
reported a 25% over the year gain at sales. Additionally, the Internet company spent $ 1.8 billion
revenue, closing office last year as a result of lay-offs.
Sundar Pichai, Chairman and CEO of Google had said that “Gemini Ultra will be released soon” and the creators have been working on integrating in into Google’s offerings, begin with searchers, during the investor’s conference call.
With additional money going towards Gemini Ultra’s development, Google may reassign certain less profitable divisions and reduce its workforce during the year.
Even though Alphabet’s fourth-quarter results beat analysts’ projections, the company’s stocks
fell by about 7% during longer trading hours.
Photo Credits: Google
The corporation credited artificial intelligence (AI) for helping to raise profits in the final quarter
of the year.
“Each of these countries has already benefited from our artificial intelligence (AI) investment
and creative thinking,” stated Sundar Pichai, chief executive officer of Alphabet.
This action fits with an increase in the sector that in 2024 will result in large layoffs at businesses like Amazon.com and the language learning platform Duo lingo.
It appears that the atmosphere at Google extends outside its policies to
include personnel emotion, which presents a significant difficulty.
Photo Credits : Google
