Alphabet-owned Google (NASDAQ:GOOG) is initiating layoffs, with a company spokesperson confirming the decision on Wednesday. This move is the latest in a series of cuts at the technology giant as it aims to streamline operations and reduce costs.
The spokesperson clarified that the layoffs are not company-wide and affected employees will have the opportunity to apply for internal positions. However, specific details regarding the number of employees impacted and the affected teams were not disclosed.
A portion of the impacted roles will be relocated to key hubs where the company is investing, including India, Chicago, Atlanta, and Dublin.
These layoffs come amidst a broader trend of job cuts across Google and the technology and media industries this year, reflecting ongoing economic uncertainties.
The spokesperson further stated, “Throughout the second half of 2023 and into 2024, a number of our teams made changes to become more efficient and work better, remove layers and align their resources to their biggest product priorities.”
According to a report by Business Insider, employees in Google’s real estate and finance departments are among those affected. The finance teams impacted include Google’s treasury, business services, and revenue cash operations.
Ruth Porat, Google’s finance chief, reportedly communicated in an email to staff that the restructuring involves expanding operations to Bangalore, Mexico City, and Dublin.
This recent round of layoffs follows Google’s previous workforce reduction in January, which affected hundreds of workers across various teams including engineering, hardware, and assistant teams. The company’s focus on investment and the development of artificial intelligence solutions has been emphasized by CEO Sundar Pichai, who reportedly informed employees to anticipate further job cuts earlier this year.
Featured Image: Freepik
