Google parent Alphabet to cut 12,000 jobs

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Alphabet, the parent company of Google and YouTube, says it's slashing 12,000 jobs. The company blames what it calls a changing "economic reality" after two years of "dramatic growth". On Thursday, Microsoft said it would reduce staff numbers by 10,000. We will find out what's happening in the tech industry and why it is becoming so brutal for professionals. (Picture: Bike Rack at Google Headquarters, Mountainview, Ca. Picture Credit: Getty Images)