Google's Layoff Expenses Reach $3 Billion Amid Ongoing Cuts

The tech giant's changing culture could impact employee retention and recruitment, as more layoffs are expected.

Google's parent company, Alphabet, spent $2.1 billion on severance and related charges for its 12,000 layoffs throughout 2023, and has already spent $700 million in January 2024.
Google also spent $1.8 billion in 2023 related to cutting its real estate obligations, as remote work lessened its need for offices.
CEO Sundar Pichai has indicated that more job cuts are expected, but not as many as last year.
Google's layoffs and changing culture could potentially cause trouble for retention and recruitment, according to experts.
Other tech companies, including Amazon, PayPal, Salesforce, Microsoft, and eBay, are also downsizing.