What happened and which teams were affected

Layoffs continue at major tech companies: Google And Amazon They revealed that they had fired hundreds of employees from different work groups.

Google In particular, it is cutting staff in its hardware, voice assistant and engineering teams As part of its efforts to reduce costs.

E-commerce giant Amazon chose to apply this strict measure to employees Prime Video Platform and MGM Studios.

What lies behind the measure

The cuts are coming at Google as the company tries to “Invest responsibly in the company's highest priorities and significant opportunities ahead,” the tech giant said in a statement.

“Few teams continue to make these kinds of organizational changes “Includes elimination of certain functions globally”he added.

Google had already announced hundreds of job cuts, most in its augmented reality hardware group.

Companies like Linkedin or Nokia have also cut their staff in recent days

The layoffs come after executives at the company and its parent company Alphabet pledged to cut costs. Google said a year ago it was laying off 12,000 employees, or 6% of its workforce.

It's not the only tech company mired in the process of cuts. In the past year, Meta (Facebook's parent company) has cut more than 20,000 jobs to reassure investors. The group's shares are up about 178% in 2023.

What Amazon did

Mike Hopkins, Amazon's head of research and streaming, said, “They have identified opportunities to reduce or interrupt investments in certain areas, while at the same time We are increasing our investment and focusing on content and product initiatives that have the greatest impact” he said.

Those affected in the US will be notified on Wednesday morning, local time in Seattle (US), the manager said. Employees living in other parts of the world will receive notification later this week.

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In this sense, it emerged on Tuesday that the multinational company is finalizing an adjustment to Twitch, which will affect 35% of the workforce, or about 500 people. So, these They will join the 27,000 laid off between late 2022 and early 2023 once the pandemic demand boom has eased.

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