Google is cutting 6 per cent of its staff - 12,000 workers. Just this month, there have been at least 48,000 job cuts announced by major companies in the sector. There will be job cuts in the US and in other unspecified countries, according to Pichai’s letter. Just this week, Microsoft announced 10,000 job cuts, or nearly 5 per cent of its workforce. Those job cuts are hitting smaller players as well.
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