Google Implements New Round of Layoffs and Team Restructurings

Google has announced another series of layoffs and restructuring, impacting several key areas within the company, including its finance and real estate divisions.

by Faruk Imamovic
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Google Implements New Round of Layoffs and Team Restructurings
© Getty Images/Justin Sullivan

Google has announced another series of layoffs and restructuring, impacting several key areas within the company, including its finance and real estate divisions.

Widespread Changes Across Google

The latest round of cuts has notably affected Google's Treasury, Business Services, and Revenue Cash Operations teams, as shared by two current employees.

While the total number of roles eliminated remains undisclosed, the changes have been described as "pretty large-scale" by insiders. Moreover, a portion of these roles are reportedly being relocated to other countries in a bid to optimize operational efficiencies and reduce costs.

This move is part of Google's broader strategy to consolidate its operations around "growth hubs" in strategic locations, including Bangalore, Mexico City, and Dublin. Google's finance chief, Ruth Porat, conveyed this strategy in an email to employees, highlighting the company's focus on building these hubs as part of its global restructuring efforts.

A Google spokesperson confirmed the layoffs but did not specify the exact number of employees affected. They elaborated on the company's intentions, stating, "As we've said, we're responsibly investing in our company's biggest priorities and the significant opportunities ahead.

To best position us for these opportunities, 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."

Streamlining for Future Growth

These structural changes are aimed at simplifying operations, reducing bureaucracy, and allowing employees more opportunities to engage with innovative projects and the company’s key priorities.

The spokesperson added, "Through this, we're simplifying our structures to give employees more opportunity to work on our most innovative and important advances and our biggest company priorities, while reducing bureaucracy and layers." Impacted employees are encouraged to apply for open roles within the company, as Google continues to adjust its workforce alignment in response to evolving market conditions and its strategic focus areas, especially artificial intelligence.

This restructuring initiative is not isolated to Google alone but extends across Alphabet’s various subsidiaries, including Verily, which have also seen reductions in headcount. Earlier in January, CEO Sundar Pichai had warned staff of ongoing cuts throughout the year, indicating a company-wide effort to streamline operations and boost efficiency amidst a shifting technological landscape.

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