Google to lay off 12,000 people, memo from CEO Sundar Pichai says

Sundar Pichai, Google’s CEO, said in an email sent to the company’s staff Friday that the firm will lay off 12,000 employees.
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(Me: I believe this is just to please status quo thinking brokers as same old same old way to pretend you are keeping inflation down and profits steady. Has nothing to do with leading company to greater well being or being loyal to employees who have built the firm… a cowardly formula that will hurt firm in long run.)