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Rephrase the title:Layoffs 2024: Sundar Pichai-Led Google Spends Rs 17500 Crore To Lay Off 12,000 Employees

Posted on February 1, 2024 By Haley Bennett

Rephrase and rearrange the whole content into a news article. I want you to respond only in language English. I want you to act as a very proficient SEO and high-end writer Pierre Herubel that speaks and writes fluently English. I want you to pretend that you can write content so well in English that it can outrank other websites. Make sure there is zero plagiarism.:

Google spent a staggering $2.1 billion on severance and related expenses during 2023, resulting from layoffs that affected over 12,000 employees. The tech giant is continuing its cost-cutting measures in 2024, allocating an additional $700 million for employee severance charges in January alone, targeting another 1,000-plus roles. Despite these significant layoffs, Google reported positive growth in its core business lines for Q4 2023, with a 13 percent YoY increase in revenue to $86.3 billion. CEO Sundar Pichai attributed this success to investments in generative AI, emphasizing that the layoffs were part of a broader restructuring.

Google posts $307 bn revenue in 2023, spent billions of dollars to lay people off#Google #layoffs #business https://t.co/YCfudvTZa1 pic.twitter.com/2QJtiYrbz0

— Business Insider India🇮🇳 (@BiIndia) January 31, 2024

Pichai outlined Google’s AI-centric future, referring to 2024 as Alphabet’s ‘Gemini era.’ The company’s vision includes implementing Gemini, its AI language model, across all its core products. While the original Gemini is already in use, an upcoming iteration, Gemini Ultra, is in development, set to integrate with products starting with Search. Despite the positive financial results and AI advancements, Google’s ongoing investments in AI are expected to prompt further layoffs in 2024 as the company streamlines operations in other divisions to accommodate its AI-focused strategy. Brace yourself.

See Also: Satya Nadella-Led Microsoft Lays Off 1900 Activision Blizzard And Xbox Employees; Survival Game Canceled

See Also: CEO Sundar Pichai Tells Google Employees To Expect More Job Cuts This Year: Report

See Also: After Axing 1000 Jobs Last Week, Google Layoffs ‘Hundreds’ From Its Advertising Sales Team Globally

Haley Bennett

I have over 10 years of experience in the cryptocurrency industry and I have been on the list of the top authors on LinkedIn for the past 5 years. I have a wealth of knowledge to share with my readers, and my goal is to help them navigate the ever-changing world of cryptocurrencies.

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