(Reuters) - Google parent Alphabet is laying off employees from its global recruiting team as the tech giant continues to slow hiring, it said on ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Google parent Alphabet is laying off employees from its global recruiting team as the tech giant continues to slow hiring, it said on Wednesday.
The company's decision to let go of a few hundred employees is not part of a wide-scale layoff and will retain a significant majority of the team for hiring critical roles. It will also help the workers search for roles within the company and elsewhere. Alphabet is the first"Big Tech" company to lay off employees this quarter, after peers like Meta, Microsoft and Amazon downsized aggressively earlier in 2023 as a weak economy put an end to their pandemic-led hiring sprees.Layoffs in the U.S. rose more than threefold in August from July and nearly fourfold compared with a year ago, according to a report by employment firm Challenger, Gray & Christmas.
Economists polled by Reuters had forecast that new claims for state unemployment benefits would rise by about 8% in the week ended Sept. 9, after having fallen 13,000 to 216,000 in the prior seven-day period.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Quotes from first day of US v Google trialWASHINGTON (Reuters) - The United States argued on Tuesday that Alphabet Inc's Google broke the law in its efforts to dominate online search, as a ...
Read more »
Amazon, Alphabet, Microsoft, Meta Probed by Lawmakers on Use of AI ‘Ghost’ StaffDemocratic lawmakers are pressing the top tech firms to open up about the conditions of their “ghost work” — unseen laborers like those labeling data and rating responses who have become pivotal to the artificial intelligence boom.
Read more »
Alphabet lays off hundreds from global recruitment teamThe company's decision to let go of a few hundred employees is not part of a wide-scale layoff and will retain a significant majority of the team for hiring critical roles. Alphabet is the first 'Big Tech' company to lay off employees this quarter, after peers like Meta, Microsoft and Amazon downsized aggressively earlier in 2023 as a weak economy put an end to their pandemic-led hiring sprees. Layoffs in the U.S. rose more than threefold in August from July and nearly fourfold compared with a year ago, according to a report by employment firm Challenger, Gray & Christmas.
Read more »
US presses on with fight against Google's search and advertising cloutThe Justice Department began questioning a former Google executive about billion-dollar deals with mobile carriers and others that helped keep Google the default search engine, as the second day of a once-in-a-generation antitrust trial got underway on Wednesday. Chris Barton, who was at Google from 2004 to 2011, said that the company was quick to see the advantage of people using Google search on Palm devices and early versions of smartphones.
Read more »
Country Garden Gets Approval to Extend Six Bonds, Reuters SaysDistressed Chinese developer Country Garden Holdings Co. has gotten approval from creditors to extend repayment on six yuan bonds by three years, Reuters reported, citing two sources familiar with the matter.
Read more »
Country Garden Gets Approval to Extend Six Bonds, Reuters Says(Bloomberg) -- Distressed Chinese developer Country Garden Holdings Co. has gotten approval from creditors to extend repayment on six yuan bonds by three years, Reuters reported, citing two sources familiar with the matter. Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains as Tesla Jumps 1
Read more »