Google's parent Alphabet Inc will be eliminating about 12,000 jobs, or 6 per cent of its workforce in the latest cuts to shake the technology sector, Reuters reported.
Sundar Pichai, Alphabet's chief executive officer (CEO), reportedly said in a staff memo that the company had rapidly expanded headcount in recent years "for a different economic reality than the one we face today."
"I take full responsibility for the decisions that led us here," he added.
The development has come days after Microsoft announced that it would lay off 10,000 workers.
It is said that Alphabet's job losses will affect teams across the company including recruiting and some corporate functions, as well as some engineering and products teams.
The layoffs are global and impact the U.S. staff immediately.
Alphabet has reportedly emailed the affected employees, while the process will take longer in other countries due to local employment laws and practices.
The news comes during a period of economic uncertainty as well as technological promise, in which Google and Microsoft have been investing in a burgeoning area of software known as generative artificial intelligence.
"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," Pichai said in the note.