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Layoffs at Alphabet sign Big Tech managing ballooning expenses


A sign is posted in front of a Google office on April 26, 2022 in San Francisco, California. Google parent company Alphabet will report first quarter earnings today after the closing bell.

Justin Sullivan | Getty Images News | Getty Images

Google parent Alphabet (GOOGL) on Friday became the latest technology giant to lay off thousands of workers — a move we expected from the Club holding given falling advertising revenue and growing fears of a recession.

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