Layoffs 2023: Alphabet, Google's parent company, trims global recruitment team staff

Alphabet, the parent company of tech giant Google announced staff reductions within its global recruiting team. This move is part of Alphabet's broader initiative to cut costs.

Alphabet's decision marks the first instance of a major tech company downsizing in the current quarter. However, the exact number is not disclosed yet.

Earlier this year, tech giants like Meta, Microsoft, and Amazon had already taken steps to trim their workforces due to economic challenges that stemmed from a slowdown in their pandemic-induced hiring sprees.

Alphabet had previously reduced its workforce by 6%, resulting in the elimination of approximately 12,000 jobs.

The broader context of layoffs in the tech sector is indicative of wider trends in the job market. Reports from employment firm Challenger, Gray & Christmas reveal that layoffs in the United States surged more than threefold in August compared to July, and nearly quadrupled compared to the same period in the previous year.

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