Google has initiated a “pretty large-scale” restructuring, resulting in layoffs and the shifting of some jobs overseas. The restructuring is part of an effort to cut costs and increase efficiency.
Ruth Porat, Google’s chief financial officer, announced the restructuring in an email to employees. The company plans to create “growth hubs” in India, Mexico, and Ireland. The layoffs will affect teams in the company’s finance department, including its treasury, business services, and revenue cash operations units.
The exact number of layoffs has not been specified, but one current employee described the changes as “pretty large-scale”. Some roles are being moved abroad, but further details have not been provided. A company spokesperson confirmed that some staffers would be affected by the cuts, though they declined to specify the number of layoffs that would be implemented.
A small number of roles will be moved to other US-based offices as well as locations abroad. Google is currently expanding its presence in Bangalore, Mexico City, Dublin, and Atlanta. The company stated that it was “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”.
This restructuring follows a series of job cuts across Google. In January, Google CEO Sundar Pichai warned employees that more layoffs would be needed this year for the company to reach its “ambitious goals”. The company’s workforce was reduced by more than 12,000 throughout 2023.
Read more at: nypost.com