Google's parent company Alphabet to lay-off 12,000 workers worldwide

 Google's parent company, Alphabet, has announced plans to lay off approximately 12,000 employees from its workforce. This move is part of a broader restructuring effort as the company shifts its focus towards artificial intelligence and other cutting-edge technologies.

Google's parent company Alphabet

The layoffs will primarily affect the company's sales and marketing division, which employs around 20,000 people worldwide. The division is responsible for generating revenue through advertising and other means, but as the company shifts towards new technologies such as AI, the need for sales and marketing personnel may decrease.

This is not the first time that Google has undergone significant restructuring. In 2015, the company reorganized itself into a holding company called Alphabet, with Google becoming one of several subsidiaries under the new parent company. The restructuring was aimed at allowing the company to pursue a wider range of projects, including self-driving cars and life-sciences research.

The company's focus on AI has been evident for some time now. Google has been investing heavily in machine learning and other forms of AI for several years, and the company has made significant strides in areas such as natural language processing, image recognition, and autonomous vehicles.

The company's AI efforts have also been reflected in its product lineup. Google Assistant, the company's virtual assistant, has become increasingly popular and is now available on a wide range of devices. The company has also launched several other AI-powered products, such as Google Photos and Google Translate.

As the company continues to focus on AI and other cutting-edge technologies, it may require a different type of workforce with different skill sets. The layoffs announced today are a reflection of this shift, as the company looks to streamline its operations and focus on the areas where it sees the most growth potential.

The layoffs are expected to take place over the next few months and will affect employees in several countries, including the United States, the United Kingdom, and India. The company has stated that it will provide severance packages and other forms of assistance to the affected employees.

In a statement, Google CEO Sundar Pichai said, "We recognize that the company must change to continue to grow and provide the best possible products and services to our customers. These changes are never easy, but they are necessary for us to continue to innovate and push the boundaries of what is possible."

The company's shares have been fluctuating after the news, but the company's financials have been consistently good and the company has been able to maintain a steady growth rate in recent years.

In conclusion, the layoffs announced by Google's parent company, Alphabet, are a reflection of the company's shifting focus towards artificial intelligence and other cutting-edge technologies. As the company continues to invest in these areas, it may require a different type of workforce with different skill sets. While these layoffs are never easy, they are necessary for the company to continue to innovate and stay competitive in the rapidly-evolving tech industry.