Google Might Need to Be Un-Google-Like
Google doesn't like to do layoffs. It might still find that it has to.
The internet giant has been avoiding the tech layoff trend so far. Salesforce announced cuts affecting about 8,000 employees last week, following a raft of reduction plans from a swath of tech players. Layoffs are falling especially hard on Google's main competitors in the online advertising business. Combined cuts at Facebook-parent Meta Platforms, Amazon.com, Snapchat's parent Snap and Twitter total about 34,000 workers, according to disclosures from the companies and reporting by The Wall Street Journal.
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Expected Major Events for Monday
06:45/SWI: Dec Unemployment
07:00/GER: Nov Industrial Production Index
07:00/ROM: Nov International trade
07:00/DEN: Nov Balance of payments (provisional figures)
07:00/DEN: Nov External trade (provisional figures)
07:30/HUN: Nov Preliminary Industrial Production
07:30/HUN: Nov Preliminary External Trade
07:45/FRA: Nov Foreign trade
07:45/FRA: Nov Balance of Payments
08:00/AUT: Oct Foreign Trade
08:00/SVK: Nov Foreign trade
08:00/SWI: Dec SNB foreign currency reserves
08:00/CZE: Dec Unemployment data
09:00/ITA: Nov Unemployment
10:00/GRE: Nov External Trade (provisional data)
10:00/CRO: Nov Foreign Trade
10:00/EU: Nov Unemployment
10:00/CYP: Nov Foreign Trade (provisional)
10:00/MLT: Nov International Trade
10:00/LUX: Dec CPI
11:00/POR: Nov International trade statistics
11:00/IRL: Nov Industrial Production and Turnover
All times in GMT. Powered by Onclusive and Dow Jones.
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This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
01-09-23 0019ET
