Google Parent Alphabet to Lay Off 12,000 Employees

Alphabet, the parent company of Google, announced on Friday that it will be cutting 12,000 jobs. The news was delivered by Google CEO Sundar Pichai, who told employees that the company would begin the layoffs in the U.S. immediately.The process would take longer in other countries, Pichai wrote, due to "due to local laws and practices."Laid-off employees in the U.S. will receive 16 weeks of severance pay, along with two additional weeks of pay for each year they've worked at Google. They'll also...