Tech giant Google has recently undergone a restructuring effort that has resulted in layoffs across its finance and real estate units, as reported by Business Insider. The exact number of jobs affected has not been specified, but the layoffs have impacted teams within Google responsible for finance operations and real estate management.
Employees within the finance departments, including Treasury, Business Services, and Revenue Cash Operations teams, have been affected by the layoffs. The changes were described as "pretty largescale" by one individual quoted in the report, with some positions being relocated overseas.
Google's finance head, Ruth Porat, reportedly circulated an internal email outlining plans to expand the company's "growth hubs" in cities like Bangalore, Mexico City, and Dublin as part of the restructuring. This indicates a shift in focus towards these locations for future operations.
A Google spokesperson clarified that the layoffs are not "company-wide" and that affected employees will have the opportunity to apply for internal roles within the organization. However, the spokesperson did not disclose the exact number of employees impacted by the restructuring.
These layoffs come amid a broader trend of job reductions across Google and the tech industry as a whole. In January, Google announced layoffs affecting hundreds of employees across various teams, including engineering, hardware, and assistant teams. This restructuring aligns with Google's strategy to reallocate resources towards key product priorities and increase investment in artificial intelligence initiatives.
