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Economic slowdown! Google warns employees about layoffs, says ‘there will be blood on the streets’

Google’s dad or mum firm Alphabet reported weaker-than-expected earnings and income for the April-June interval (Q2). Income development declined to 13 per cent from 62 per cent in the identical quarter final yr.

Different tech firms which have both laid off staff or slowed hiring within the present financial downturn embrace LinkedIn, Meta, Oracle, Twitter, Nvidia, Snap, Uber, Spotify, Intel and Salesforce.

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