The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Information / Communication Information Service Activities Digital Infrastructure Services 63.1 - Data processing, hosting and related activities; web portals
12,000 jobs Number of planned job losses
Announcement Date
20 January 2023
Employment effect (start)
20 January 2023
Foreseen end date
Description
Google, the search engine, ad and consumer app multinational, has announced an internal restructuring plan to cut 12000 jobs from it's global workforce. The job cuts are anticipated to impact all areas, functions and regions of the company. Redundancy support or packages have not been specified for workers outside the USA. For staff in America, the redundancy package will include full notification period of a minimum of 60 days paid, with severance packages to start from 16 weeks’ salary plus two weeks for every additional year at Google.
The CEO has stated that Google's growth agenda over previous years required increases in staff, however, due to the new economic climate and potential in AI, the company must reduce it's workforce in order to meet strategic targets.
Previous restructuring events have been recorded in the ERM Events database. In 2022, Google announced the creation of 1500 jobs in Poland (Google-2022-PL).
Updated, 24/02/2023
Google has announced that as part of it's global restructuring, it will cut 240 jobs from it's workforce in Ireland (Google-2023-IE).
Eurofound (2023), Google, Internal restructuring in World, factsheet number 108211, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108211.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
