Google Offers Voluntary Buyouts to Staff in Several Countries
Google has extended voluntary buyout offers to employees in several countries. The move comes as heavy AI spending has worried Wall Street and weighed on Alphabet's share price. It follows Microsoft's offer of voluntary buyouts to 60,000 staff last week to control costs. Alphabet's workforce had grown steadily in recent quarters.
Quick glossaryGoogle, Alphabet's, voluntary buyout
- A US tech giant best known for its search engine, Gmail and Android phones, and owned by Alphabet.
- Alphabet's
- The parent company that owns Google and several other businesses, and whose shares are traded on the stock market.
- voluntary buyout
- An offer where staff can choose to leave a job in return for a payout, instead of being forced out.
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