SAN FRANCISCO, California, Wednesday, April 24, 2024 – Google is implementing a restructuring plan that includes layoffs within its finance and real estate departments, as first reported by Business Insider and CNBC on April 17. 1
The full impact of these changes on Google’s overall operations and future product development remains to be seen.
- businessinsider.com: https://www.businessinsider.com/google-layoffs-more-employees-2024-4))
Current employees revealed that teams in Google’s Treasury, Business Services, and Revenue Cash Operations departments are among those affected.
According to the Business Insider Report, a source had seen the email by Google’s Finance Chief Ruth Porat, which announced that Google would build out its “growth hubs” in locations such as Bangalore, Mexico City, and Dublin as part of the restructuring.
The exact number of positions impacted and the extent of the restructuring’s reach across other divisions remain unclear.
Google confirmed a small percentage of positions will be transferred to these locations and others experiencing significant investment, such as Atlanta.
Google’s restructuring efforts began in 2023. These efforts aim to streamline operations and accelerate progress in crucial areas like artificial intelligence (AI).
According to a memo obtained by Business Insider, CEO Sundar Pichai previously informed employees of potential workforce reductions throughout 2024, emphasizing not all teams would be affected.((CNBC.com: https://www.cnbc.com/2024/01/17/google-ceo-says-job-cuts-needed-in-2024-to-serve-ambitious-goals.html[↩]
