The redundancies are in a department responsible for sales and partnerships and part of a broader cost-cutting move as Google invests $75 billion in AI and data centres.
True
tech layoffs
Google cuts 200 jobs in a core business unit
alphabet
google
layoffs
sundar pichai
tech layoffs
Stagwell latest holding company to be hit by tech pullback
stagwell
tech layoffs
The holding company’s organic growth dipped 5% YOY in Q2, prompting it to downgrade its full-year outlook and lay off staff.
Agencies will feel impact of tech layoffs, but carnage won’t be as bad
agencies
tech layoffs
Tech companies laid off thousands of workers in the past month, casting a dark shadow over the white-collar labor market — but the impact on the agency sector is unlikely to be as grim.