Googling Last year it laid off thousands of employees and risked paying billions of dollars in severance payments. The company’s latest quarterly report revealed these payments. According to the profit figures for the last quarter of 2023 announced on Tuesday, the company only made a profit in this quarter. $700 million will pay compensation.

Google started layoffs in 2024. Companyhad laid off hundreds of employees from its core engineering and hardware teams. The total amount of compensation paid by the company following last year’s layoffs $2.1 billion That was announced. Google made a profit of $86.3 billion in the fourth quarter of the year, an increase of 13% compared to last year. For fiscal year 2023 $307.4 billion profit announced.

The year 2024 also started with layoffs

In January 2023, Google, exactly 12 thousand employees He was fired. Although the exact number of employees of the company is not known, this number corresponds to 6% of the total number of employees. Company CEO Sundar Pichai said: “Over the past two years we have seen periods of dramatic growth. To match and support this growth, we have adopted a different economic reality than the economic reality we face today.“He shared a note with the employees.

fired employees, 60 days payment received within the minimum notice period. Moreover minimum 16 salaries severance pay and received additional compensation equal to two weeks’ salary for each year they worked at the company. Bonuses and unused leave hours were also paid out to employees for 2022. Google is among the tech companies that hired a large number of people during the pandemic period and then cut back on their workforce.