Slumping ad market has weighed heavily on Google's bottom line, which in turn has made investors urge the company to seek avenues to cut expenses. (RTTNews) - Although several major companies across the tech industry have announced mass layoffs as rising inflation and uncertain macroeconomic conditions fuel recession fears, Alphabet Inc., the parent company of search giant Google, has been obviating this undesirable. Employees at Google anticipate an imminent announcement of a huge layoffs, according to reports.