TECH NEWS – Citing “a different economic reality” is hilarious after Google shut down Google Stadia this week!

With the world slowly falling into a recession, the big tech companies have all decided that the pockets of their top executives are more important than the financial stability of their employees, with Microsoft, Meta, and Amazon all deciding to put more than a few people out of work. They have been joined by Google, who have timed their layoffs beautifully, as they shut down Google Stadia two days ago, and then they announced that they are laying off no less than 12,000 employees.

Sundar Pichai, the CEO of Google and its parent company Alphabet, sent the company’s employees a letter informing them of the “changed economic reality“, which Google published in a blog post. Pichai takes responsibility for the cuts. Employees outside the US have already been contacted about the layoffs, with several regions still a few weeks off work due to labor laws. Pichai said it was one of the most complex decisions the company has made and then immediately wrote about the possibilities for Google. (We know: more changes to YouTube that almost no one has asked for, more programs/apps that are being discontinued due to underutilization (there is a website for this specifically.)

The early investments in the field of masterful intelligence have ensured that Google is on solid ground (yes, we are talking about one of the biggest companies in the world, who believes this nonsense?). Pichai outlined what the laid-off US employees can expect: “We’ll pay employees during the full notification period (minimum 60 days). We’ll also offer a severance package starting at 16 weeks’ salary plus two weeks for every additional year at Google and accelerate at least 16 weeks of GSU vesting. We’ll pay 2022 bonuses and the remaining vacation time. We’ll offer six months of healthcare, job placement services, and immigration support for those affected. Outside the US, we’ll support employees in line with local practices.”

Scary.

Source: WCCFTech