Alphabet Inc. will “meaningfully” sluggish its tempo of hiring in 2023, Chief Monetary Officer Ruth Porat mentioned.
The severance cost for the job cuts will vary from $1.9 billion to $2.3 billion and will likely be mirrored on this quarter’s outcomes, Porat mentioned on the corporate’s earnings name Thursday.
Google’s mother or father made its largest job cuts simply final month — 6% of its international workforce, or 12,000 jobs.
Alphabet’s headcount rose prior to now quarter, reaching 190,234, however the latest spherical of layoffs was not included on this determine. Porat mentioned a majority of the hires have been for technical roles.