Bonuses to healthcare: What Sundar Pichai, Google parent company Alphabet are offering to laid-off employees

Google has declared that it will remove 12,000 jobs from its workforce in 2023, joining other corporations that have already done so. It has also provided support to the laid-off ‘Googlers’ as they seek new employment.

The layoff email has been issued to all affected US employees, however, due to regional laws and customs, the procedure may take a few days elsewhere.

“I have some difficult news to share. We’ve decided to reduce our workforce by approximately 12,000 roles,” Sundar Pichai, CEO of Alphabet and Google, announced the decision to cut 12,000 positions from the workforce in an email to the affected workers.

“This will mean saying goodbye to some incredibly talented people we worked hard to hire and have loved working with. I’m deeply sorry for that. The fact that these changes will impact the lives of Googlers weighs heavily on me, and I take full responsibility for the decisions that led us here. Over the past two years we’ve seen periods of dramatic growth. To match and fuel that growth, we hired for a different economic reality than the one we face today,” he continued.  

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The following is a list of benefits that terminated employees will receive:

1) Google employees who are laid off will be paid for the entire notice period, which is at least 60 days. Bonuses for 2022 will also be paid, as will any unused vacation time.

2) Sundar Pichai said in an email that Google will also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, as well as accelerate at least 16 weeks of GSU (Google Stock Unit) vesting.

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3) Employees will also receive six months of healthcare, job placement services, and immigration assistance for those who are affected. Workers outside the United States will be supported in accordance with local practices.

4) Alphabet Inc, Google’s parent company, said Friday that it is cutting 12,000 jobs, or 6% of its workforce, in the latest round of layoffs to rock the technology industry.

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5) The reductions came a few days after rival Microsoft Corp. announced the layoff of 10,000 employees. Teams across the organisation, including recruiting, various corporate operations, as well as some technical and product teams, are impacted by job losses at Alphabet.