Alphabet layoffs 2023: 12,000 job cuts, hours after delaying bonuses

Google's parent Alphabet Inc is eliminating about 12,000 jobs, or 6% of its workforce.

The U.S. company confronts a threat to its long-held perch atop the technology sector.

Alphabet is locked in competition with Microsoft Corp in a burgeoning area known as generative artificial intelligence.

Alphabet CEO Sundar Pichai told staff in a memo, “It had rapidly expanded for better times but now faced "a different economic reality"