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 Posts 'USD 307 Billion' Revenue in 2023 and Spends 'USD 2.1 Billion' on Severance and Other Expenses of Over 12,000 Laid Off Employees, Will Spend More 'USD 700 Million' in Q1 2024.
This comes just weeks after the company announced its October to December quarter results, which revealed that its total headcount fell by 4,473 employees. Wipro Layoffs 2024: Indian Multinational IT Firm Likely To Cut Hundreds of Mid-Level Jobs To Improve Margins.