A painful week for tech business staff unleashed much more harm on Friday. This morning, Google CEO Sundar Pichai announced that the corporate is shedding 12,000 staff, roughly six p.c of Google’s whole headcount. Microsoft announced 10,000 job cuts and Amazon introduced 18,000 job cuts on Wednesday.

“Over the past two years we’ve seen periods of dramatic growth,” Pichai wrote. “To match and fuel that growth, we hired for a different economic reality than the one we face today.” He went on to beat his chest about Google’s prowess in AI, the most well liked tech buzzword of 2023.

Affected U.S. staff will obtain 60 days of fee, “a severance package starting at 16 weeks salary plus two weeks for every additional year at Google,” six months of healthcare and profession/immigration assist, and be paid for 2022 bonuses and trip time. Non-U.S. staff shall be handled “in line with local practices.”

The scale of the layoffs and the tone of the memo largely echo Microsoft’s strikes from earlier within the week, proper right down to paying homage to AI. Expect the ache to proceed as tech shares proceed to get battered amidst recession and the PC industry suffers its worse decline ever. Amazon, Google, and Microsoft alone laid off 40,000 staff this week, following different vital layoffs at Facebook (Meta), Twitter, Cisco, and others.