Health Insurance

Google, Amazon, Meta, Microsoft and Twitter All Cut Jobs. Here’s Who Offers the Most Generous Package

Google is cutting 12,000 workers, becoming the latest tech company to cut back on its headcount.

The wave of massive job cuts in the tech industry began last fall as slower revenue growth is expected as the economy contracts.

The nearly 25-year old tech giant will provide employees with 16 weeks of salary, plus two weeks for each additional year at the Alphabet GOOGL subsidiary. The cuts started Jan. 20.

The severance package also includes paying for six months of health insurance, job-placement services and immigration support for those affected, plus 2022 bonuses and remaining vacation time. Google will also accelerate at least 16 weeks of GSU vesting. GSUs are certificates representing Alphabet shares.