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Google is cutting approximately 12,00 jobs — the latest technology firm to initiate significant layoffs as inflation rises and global markets brace for a downturn.

As reported by Bloomberg News, Google SEO Sundar Pichai announced the cuts in an email to staff on Friday. The job losses constitute around 6 percent of Google’s global workforce, compared to recent layoffs at Microsoft (10,000 jobs or 5 percent of the workforce), Amazon (18,000 jobs / 6 percent), and Meta (11,000 / 13 percent). Earlier this month, Google’s parent company Alphabet announced much smaller cuts at Verily, its health-focused subsidiary, and Intrinsic, a subsidiary developing software for industrial robots.

In the email to staff, Pichai said the company would…

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