At this point in the quarter, the company estimates that severance-related expenses will be roughly $700 million in the first quarter “as we’ve continued these efforts”.
Google spent $2.1 billion on severance packages and associated costs as it laid off around 12,000 employees last year despite recording growth in most core businesses like search and advertising.
Alphabet Inc.'s Google is laying off hundreds of staff working on its digital assistant, hardware and engineering teams, the company said as it continues its drive to cut costs.
Google is reportedly laying off hundreds of employees from its global recruiting team. One affected employee, Vanessa DeCollibus, shared a heartfelt note on LinkedIn expressing her gratitude to Google for the opportunity and her determination to find a new path. She appealed to the LinkedIn community for any job opportunities, stating her willingness to relocate anywhere in the US.