Just this month, there have been at least 48,000 job cuts announced by major companies in the sector. Alastair Grant/AP Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff. There will be job cuts in the US and in other unspecified countries, according to Pichai’s letter. Those job cuts are hitting smaller players as well. Yet the tech sector grew exceptionally fast over the last several years due to increased demand as employees began to work remotely.
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