According to recent reports, Google has spent an estimated Rs 17,500 crore to lay off around 12,000 employees. This move comes as part of the company’s efforts to streamline its operations and cut costs.
The layoffs were primarily focused on Google’s cloud computing division, as the company looks to restructure and realign its resources. The decision to lay off employees was not an easy one, but Google believes it is necessary to ensure long-term sustainability and growth.
Google is known for its employee-friendly policies and work culture, so this news may come as a surprise to many. However, the company has been facing increased competition in the cloud computing market, and these layoffs are seen as a strategic move to stay competitive.
It is worth noting that Google is not the only tech giant to make such cuts in recent times. Many companies have been forced to reevaluate their workforce and make tough decisions due to the economic impact of the COVID-19 pandemic.
Despite the layoffs, Google remains committed to its employees and has stated that it will provide them with comprehensive support, including severance packages and assistance in finding new employment opportunities.
Overall, this move by Google highlights the challenges faced by companies in the ever-evolving tech industry. As the market becomes more competitive, organizations must adapt and make difficult decisions to ensure their long-term success.