Google will cut spending due to the decline in the number of covid-19 effects/ advertisements, the company canceled more than 2000 contract and jobs of temporary workers

·      The company employs around 1.30 lakh contract workers globally.

·      In such a situation, canceling 2,000 posts from Google is a small part.

theconomicnews. Due to the decline in the number of advertisements due to the coronavirus epidemic, the giant tech company Google has canceled the post of more than 2000 jobs of contract and temporary workers. The company has decided to cut its spending, according to a New York Times report. Due to this, Google has canceled the jobs of more than 2000 contract workers.

 

Epidemic affects the advertising industry badly

Google's Chief Financial Officer Ruth Porat said that this year the company has kept the hiring speed lower than last year. The company employs around 1.30 lakh contract workers globally. In such a situation, the cancellation of 2,000 posts from Google is a small part. Let me tell you that the advertising industry has been affected due to the Kovid-19 epidemic. Google's revenue from advertising is increasing year after year. However, its growth rate is slow this year.

 

According to the New York Times report, the cancellation of posts by contract workers from Google will increase the problem for those whose jobs will be lost in the epidemic. These people will have to leave the post voluntarily. These employees will not get the benefit of unemployment allowances and other facilities.

 

 

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