Google to reorganize Cloud division, cutting some positions

Google Cloud is undergoing internal restructuring, which includes the elimination of some roles, as confirmed by a Google spokesperson to CNBC. This move comes as CEO Thomas Kurian marks his one-year anniversary at the helm.

The restructuring aims to realign the focus on international markets and will impact fewer than 50 employees. The company is working with internal “mobility teams” to find these employees new roles within the organization.

Kurian recently outlined Google Cloud’s strategy, targeting five key industries: retail, health care, financial services, media and entertainment, and manufacturing. The company reported $8.92 billion in cloud revenue for fiscal 2019, up from $5.84 billion in 2018, with a claimed $10 billion annual run rate.

Despite this growth, Amazon Web Services remains the market leader, generating over $35 billion in revenue last year. Microsoft holds the second position, according to analysts.

The restructuring at Google Cloud reflects the competitive landscape of the cloud computing industry, with companies vying for market share and innovation. As Kurian continues to steer the ship, the focus on international markets and key industries will be crucial for Google Cloud’s future success.