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![]() by AFP Staff Writers New York (AFP) Jan 20, 2023
Google's parent company Alphabet announced about 12,000 job cuts globally on Friday, becoming the latest US tech giant to enact large-scale restructuring. "We've decided to reduce our workforce by approximately 12,000 roles," Alphabet CEO Sundar Pichai said in an email to employees, adding that the cuts were in response to a changing "economic reality". The move comes a day after Microsoft said it would reduce staff numbers by 10,000 in the coming months, following similar layoffs by Facebook owner Meta, Amazon and Twitter as the previously unassailable tech sector faces a major economic downturn. "We've undertaken a rigorous review across product areas and functions to ensure that our people and roles are aligned with our highest priorities as a company," Pichai wrote. "The roles we're eliminating reflect the outcome of that review. "The fact that these changes will impact the lives of Googlers weighs heavily on me, and I take full responsibility for the decisions that led us here." dho/ssy/leg
![]() ![]() International arrests over 'criminal' crypto exchange Washington (AFP) Jan 18, 2023 The owner of China-based cryptocurrency exchange Bitzlato was arrested in Miami on Wednesday, along with five associates in Europe, during an international operation against "darknet" markets. Anatoly Legkodymov, 40, a Russian living in Shenzhen, China, appeared in handcuffs and leg shackles in a Miami courtroom on money laundering charges, and was denied bail by a judge who deemed him a flight risk. He was detained for his role in allegedly transmitting a total of $700 million in illicit funds, ... read more
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