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Wayfair shares surge after home goods retailer announces 1,650 job cuts, 13% of workforce
Digital home goods retailer Wayfair is cutting 13% of its global workforce as it looks to trim down its structure, cut layers of management and reduce costs.
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fukk this dude.Google CEO tells employees to expect more job cuts this year/
In an internal memo, Sundar Pichai said recent layoffs are about “removing layers to simplify execution and drive velocity in some areas.”
By Alex Heath, a deputy editor and author of the Command Line newsletter. He’s covered the tech industry for over a decade at The Information and other outlets.
Jan 17, 2024, 9:09 PM EST|104 Comments / 104 New
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Google CEO Sundar Pichai.
Illustration by Cath Virginia / The Verge
Google has laid off over a thousand employees across various departments since January 10th. CEO Sundar Pichai’s message is to brace for more cuts.
“We have ambitious goals and will be investing in our big priorities this year,” Pichai told all Google employees on Wednesday in an internal memo that was shared with me. “The reality is that to create the capacity for this investment, we have to make tough choices.”
So far, those “tough choices” have included layoffs and reorganizations in Google’s hardware, ad sales, search, shopping, maps, policy, core engineering, and YouTube teams.
“These role eliminations are not at the scale of last year’s reductions, and will not touch every team,” Pichai wrote in his memo — a reference to when Google cut 12,000 jobs this time last year. “But I know it’s very difficult to see colleagues and teams impacted.”
Pichai said the layoffs this year were about “removing layers to simplify execution and drive velocity in some areas.” He confirmed what many inside Google have been fearing: that more “role eliminations” are to come.
“Many of these changes are already announced, though to be upfront, some teams will continue to make specific resource allocation decisions throughout the year where needed, and some roles may be impacted,” he wrote.
A spokesperson for Google didn’t have additional comment.
Thryre going to cut way more. The problem is they cut jobs, the stock goes up.over 1000 layoffs in the past 9 days, 346 days remaining in the year.
I’ve been doing this for the past couple of years.
Unless you was lazy that could be a great thing. My reputation got me my current job because two of my former coworkers worked at this company. I wasn't even the best fit for the job as they had two internal candidates they really wanted to put in this position.
AMEN my brotha!God did
. Is anything to difficult for the Lord?
