The tech industry’s layoffs and hiring freezes: all of the news
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Alphabet posted $307.4 billion in revenue for the 2023. It also spent $2.1 billion on layoffs.
Alphabet generated 13 percent more revenue year over year in 2023, according to its fourth-quarter earnings report (PDF) released on Tuesday. You can follow along with execs on the call embedded below, that’s just starting.
The company also said that over the entire year, it spent $2.1 billion on employee-related severance for the layoffs it announced in January 2023. That doesn’t account for the thousand people it let go earlier this month.
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