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Google announced the layoff of 12,000 employees, primarily in the United States. Earlier it became known about the upcoming layoffs of 18,000 people working at Amazon, and Microsoft's plans to lay off 10,000 employees

Technology companies are facing financial problems due to rising interest rates and inflation, which have led to a drop in their shares and forced advertisers to cut spending on online advertising. CNBC reminds that on January 18, a new wave of cuts began at Amazon, as a result, more than 18,000 people will be laid off. On the same day, Microsoft announced plans to lay off 10,000 employees. More than half of the employees were laid off on Twitter after billionaire Elon Musk became the owner and CEO of the company at the end of 2022.

Google CEO Sundar Pichai recalled that in the last two years the company has developed dramatically, which was accompanied by an increase in the number of staff. "But we hired employees for a different economic reality, not the one we face today," he admitted.

He promised the dismissed employees a salary payment during the entire period of notice of dismissal (at least 60 days), a severance package in the amount of two months' salary and plus two weeks' pay for each year of work at Google. Premiums for 2022 will also be paid, unused vacation and 6-month medical insurance will be paid. In addition, assistance will be provided in employment and immigration support for the victims. Outside the United States, the company will support laid-off employees in accordance with local regulations.

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