Google halts a major project and cuts 12,000 jobs

Normal

April 22, 2023

3:33 PM


San Francisco – AB
As part of a plan to cut costs, Google has temporarily halted construction of a major site in San Jose in Silicon Valley, CNBC reported Friday.
And the “Alphabet” group, owned by Google, announced earlier this year that it would cut about 12,000 jobs worldwide, justifying this with the challenging economic reality.
And “Alphabet” posted lower-than-expected revenue and profit in the final three months of last year, while tough economic conditions caused a slump in its advertising business.
A site in San Jose has been cleared for the Downtown West project, with construction set to begin by the end of the year, CNBC reports.
The project was temporarily suspended without notifying contractors of a resumption date, the unnamed people said.
The 80-acre (32 ha) site includes offices, residential units and public gardens, CNBC reported.
The cut in Alphabet’s budget follows a huge hiring spree at the height of the Covid-19 pandemic by internet companies scrambling to meet growing demand for their services during lockdowns.
On the other hand, Google’s search engine has come under pressure with the arrival of Microsoft’s Generative Chat GPT program, which interacts with humans and can generate all kinds of text on demand.

See also  Sudan issues Ethiopia report on Renaissance dam
  • Rolf Colon

    "Creator. Award-winning problem solver. Music evangelist. Incurable introvert."

    Related Posts

    • World
    • January 11, 2024
    • 1073 views
    Japan is inspired by creative ideas to build earthquake-resistant homes

    For more than a century, Japan has been able to build earthquake-resistant homes on this island known for its severe earthquakes. Last week, after a 7.5-magnitude earthquake hit Ishikawa Prefecture…

    • World
    • January 10, 2024
    • 859 views
    More than 23 thousand martyrs.. Gaza health announced the new death toll news

    Today, Wednesday, the Ministry of Health in Gaza announced that the death toll from the Israeli occupation has risen to 23,357 martyrs, with 59,410 injured since the war began on…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    How to Choose the Right Mattress: Find the Best Fit for You

    How to Choose the Right Mattress: Find the Best Fit for You

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Best Kitchen Renovation Ideas to Upgrade Your Space

    Best Kitchen Renovation Ideas to Upgrade Your Space

    Where to Get a Professional Massage in Dubai

    Where to Get a Professional Massage in Dubai

    Dog Spay Surgery 101: Benefits, Risks, Cost, and Aftercare

    Dog Spay Surgery 101: Benefits, Risks, Cost, and Aftercare