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Google parent Alphabet plans to cut 12,000 jobs or 6% workforce worldwide

  • Alphabet, Google's parent company, announced it will cut 12,000 jobs, 6% of its global workforce, as tech firms retrench after years of growth and hiring.
  • CEO Sundar Pichai announced global job cuts across the entire company in an email to employees, taking responsibility for the decision.
  • Amazon and Microsoft have recently announced significant downsizing, cutting 18,000 and 10,000 jobs respectively.

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The world's 10 most valuable brands in 2023

  • Amazon, owned by billionaire Jeff Bezos beats Apple to become world's most valuable brand at $299.3 bn as reported by Brand Finance.
  • Apple is the second most valuable brand in the world, followed by Google, Microsoft, Walmart, Samsung, ICBC, Verizon, Tesla and TikTok.
  • Tata Group is the only Indian company in the top 100 most valuable brands, ranked at 69th.

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