Multiple teams in Google’s finance and real estate divisions have been affected, and staff were informed of the layoffs this week, according to two current employees. Affected finance teams include Google’s treasury, business services and revenue cash operations teams, one of the people said.
It’s unclear whether other parts of the company will be affected or how many roles will be cut. One current employee said the changes were “pretty extensive” and some roles were being transferred overseas.
Google’s finance chief Ruth Porat sent an email to staff announcing that Google would build “growth hubs” in Bangalore, Mexico City, Dublin and other locations as part of a reorganization, according to people familiar with the email. Then he announced.
A Google spokesperson confirmed the layoffs, but declined to elaborate on how many staff would be affected. They said a small number of positions will move to other offices in the U.S. or to offices overseas where Google is investing more, such as India, Dublin and Atlanta.
“As we’ve said in the past, we are investing responsibly in our biggest priorities and the important opportunities ahead,” a Google spokesperson said. “To best position us for these opportunities, in late 2023 and into 2024, many of our teams will be making changes to improve efficiency and work, removing layers and improving our product We’ve aligned our resources to the company’s biggest priorities, allowing us to simplify our structure and reduce bureaucracy and hierarchy while addressing the most innovative and important advances and the company’s biggest priorities. We provide more opportunities for our employees.”
Affected employees will be able to apply for open positions within Google.
Google is cutting jobs and reorganizing the company from 2023 to this year to cut costs and accelerate progress in key areas such as AI.
Other Alphabet companies, including Verily, also cut jobs.
CEO Sundar Pichai warned staff in January that the cuts would continue throughout the year, although not all teams would be affected, according to a copy of the memo seen by BI. Ta.
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