Google, owned by Alphabet, has announced layoffs of an unspecified number of employees as part of cost-cutting measures. The layoffs are not company-wide, and affected employees will have the opportunity to apply for internal roles. However, the exact number of employees impacted and the specific teams involved have not been disclosed.
A small percentage of the affected roles will be relocated to hubs in India, Chicago, Atlanta, and Dublin, where the company is investing in growth. This move comes amidst a series of job cuts across Google and the tech and media industry, raising concerns about ongoing layoffs in the face of economic uncertainty.
According to a report by Business Insider, employees in Google’s real estate and finance departments have been affected by the layoffs. The finance teams impacted include Google’s treasury, business services, and revenue cash operations. Google’s finance chief, Ruth Porat, reportedly sent an email to staff outlining the restructuring plans, which include expanding growth in Bangalore, Mexico City, and Dublin.
Earlier in the year, Google let go of hundreds of workers in various teams, including engineering, hardware, and assistant roles, as part of its investment strategy in artificial intelligence. CEO Sundar Pichai had warned employees to expect more job cuts at the beginning of the year.
The layoffs at Google reflect a broader trend in the industry as companies navigate economic challenges and prioritize strategic investments.