The company that owns Google announced the abolition of 12,000 jobs worldwide
company stoppedGoogleIt has paused the process of building a huge site in San Jose in Silicon Valley as part of its plan to cut costs, CNBC reported.
And the “Alphabet” group, which owns LGoogleearly this year that it will cut about 12,000 jobs worldwide, justifying this with a challenging economic reality.
And “Alphabet” recorded lower revenues and profits than expected in the last three months of last year, while the difficult economic conditions lead to a decline in its advertising business.
A site in San Jose has been cleared for the “Downtown West” project, with construction to begin by the end of this year, according to a CNBC report.
The report quoted unnamed people as saying that the project was temporarily halted, without notifying the contractors about the date of its resumption.
The 80-acre (32-hectare) site includes offices, residential units and public gardens, according to CNBC.
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The cut in Alphabet’s budget follows a massive hiring wave during the height of the COVID-19 pandemic by internet companies that scrambled to meet the growing demand for their services during lockdowns.
On the other hand, the “Google” search engine found itself under pressure with the emergence of the “Microsoft” Generative Chat GPT program that interacts with humans and can produce all kinds of texts on demand.
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