CNBC Investing Club

Layoffs at Alphabet are the latest sign Big Tech is finally taking steps to manage 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.