Google said on Friday that it's cutting 12,000 jobs, joining a slew of tech firms that have collectively laid off tens of thousands of workers in recent weeks.
In a company memo cited by CNBC, Google CEO Sundar Pichai wrote that layoffs affecting U.S. workers will begin immediately. Pichai wrote that over the past two years, the company "hired for a different economic reality than the one we face today" and that the cuts span numerous products and job functions at Alphabet, Google's parent company.
The Google layoffs follow heavy jobs cuts at Facebook parent company Meta, Amazon, Microsoft, Salesforce and numerous other firms as higher interest rates and fears of a recession hammer the tech sector.
According to an analysis conducted earlier this week by The Standard, tech companies have laid off roughly 90,000 workers in the last year and more than 12,000 workers in San Francisco during this month alone. Those layoffs span major local employers such as Salesforce and a smattering of smaller startups.