Alphabet, Google's Parent Corporation, Slashes 12,000 Jobs Globally; Microsoft Chops 10,000
Media Hails "Biden Miracle Economy"

The 12,000 jobs Google is eliminating represent 6% of its total workforce.

In his memo, Pichai cited a changing "economic reality" as he announced the layoffs, writing: "Over the past two years we've seen periods of dramatic growth. To match and fuel that growth, we hired for a different economic reality than the one we face today," NBC also reports.

Economic reality? I thought "we never had it so good, Jack!"

Microsoft cut 10,000, about 5% of its workforce, its largest reduction in eight years.

JustTheNews wonders how this can be -- Lunchbox Joe says the economy is doing great, and Big Tech bet big on Lunchbox Joe.

The wave of terminations is undercutting the president's optimistic message about the economy.

"My first two years in office were the two strongest years for job growth on record," Biden said in a recent statement according to CNBC. "We still have more work to do, but we're clearly moving in the right direction, and there's more breathing room in store for American workers and families."

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In November 2022, Meta, previously called Facebook, laid off 11,000 jobs. Meta CEO Mark Zuckerberg wrote in a letter to employees that the company would be cut down by 13%.

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It is estimated that multiple tech companies, including Amazon and Coinbase, have laid off more than 60,000 employees over the last year combined, according to CNBC.

"Well," you're all saying, "this is such unambiguously bad economic news, there's no way even the leftwing propaganda media would try to sugarcoat it and put a 'Funemployment' type spin on it!"

Where do you guys all work, the the Corporation for Saying Things That Are Wrong All of the Time?

You asked for a miracle, I give you the NBC:

Tech employers are rapidly slashing jobs ahead of a potential recession, but even the industry's newest workers remain largely unbothered.

The recent wave of tech layoffs has begun to unwind the industry's hiring spree during the coronavirus pandemic, when millions of Americans rode the "Great Resignation" into new jobs and careers. While the nation's historically hot labor market is fitfully cooling down, many of the least experienced tech workers say their new skills and connections put them on firmer footing in case the economy deteriorates this year.

The weeks and months ahead will test their optimism. One basis for it, in the meantime, is that "upskilling" has already paid off for many.

&bodytext=The 12,000 jobs Google is eliminating represent 6% of its total workforce. In his memo, Pichai cited a changing "economic reality" as he announced the layoffs, writing: "Over the past two years we've seen periods of dramatic growth. To match...&topic=world_news"> posted by Ace at 12:55 PM

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