Google to lay off more employees in 2024: Is this the unwinding of the tech industry?

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Sundar Pichai, in a memo to staff, said that Google is set to have more layoffs. What’s behind the big decision and how will it impact the tech industry?

n 2023, Google laid off over 12,000 employees across departments. Most of the layoffs were attributed to a broader strategy of restructuring and heavy investments in AI.

With the barrage of tech layoffs, the year started on a rather patchy note. Now, the biggest of all, Google has asked its employees to brace themselves for impending layoffs. In the initial weeks of January, the Alphabet Inc. company laid off thousands across vertices. Subsequently, in a memo, the CEO Sundar Pichai said that more job roles will be impacted going forward.

“We have ambitious goals and will be investing in our big priorities this year…The reality is that to create the capacity for this investment, we have to make tough choices,” read the memo as reported by The Verge. The 51-year-old said that some of the layoffs this year were intended to “remove layers to simplify execution and drive velocity in some areas.” However, he also indicated that this year’s eliminations will not be at the scale of the previous year, where the company sacked close to 12,000 employees from various domains.

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