Alphabet Inc is eliminating 12,000 jobs, its chief executive said in a staff memo shared with Reuters.Microsoft Corp said it would lay off 10,000 workersThe job losses affect teams across the company including recruiting and some corporate functions, as well as some engineering and products teams.
Sundar Pichai, Alphabet's CEO, said in the note, "I am confident about the huge opportunity in front of us thanks to the strength of our mission, the value of our products and services, and our early investments in AI."
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