Active Stocks
Wed May 22 2024 14:39:52
  1. Tata Steel share price
  2. 173.45 -0.49%
  1. ITC share price
  2. 439.65 1.08%
  1. State Bank Of India share price
  2. 819.35 -1.35%
  1. Kotak Mahindra Bank share price
  2. 1,697.60 0.03%
  1. NTPC share price
  2. 372.45 0.15%
Business News/ News / Google lays off employees, shifts roles to hubs in India, Chicago, Atlanta, Dublin amid cost cuts
BackBack

Google lays off employees, shifts roles to hubs in India, Chicago, Atlanta, Dublin amid cost cuts

Google layoffs: Google is laying off employees in a cost-cutting move, offering internal job applications. Some positions will move to key hubs like India and Dublin.

Google lays off employees, shifts some roles abroad amid cost cutsPremium
Google lays off employees, shifts some roles abroad amid cost cuts

Google layoffs: Alphabet Inc.’s Google is laying off an undisclosed number of employees as the technology giant cracks down on costs, a company spokesperson said as reported by Reuters.

According to the Google spokesperson, the layoffs are not company-wide. The impacted staff will have the chance to seek for internal roles, the spokeswoman added. However, no details has been disclosed regarding the number of employees affected or the specific teams involved.

Also Read: Tesla layoff: Elon Musk-led EV firm's move to cut 10% global workforce to hit US, China markets hard

A portion of the impacted jobs will be moved to hubs where the company is investing in i.e. in India, Chicago, Atlanta, and Dublin.

With this, it have raised concerns about the possibility of further workforce reductions as companies grapple with economic uncertainty.

"Throughout the second half of 2023 and into 2024, a number of our teams made changes to become more efficient and work better, remove layers and align their resources to their biggest product priorities," the spokesperson added as quoted by Reuters.

Also Read: Ex-Google, Amazon recruiters ask job seekers not to use LinkedIn’s ‘open to work’ badge

Citing a Business Insider report, Reuters added that employees across several of Google' teams in its real estate and finance departments have been affected. It further stated that Google's revenue cash operations, business services, and treasury departments are among the impacted finance teams.

As per the report, Ruth Porat, Google's chief financial officer, informed employees via email that part of the restructuring included expanding growth to Bangalore, Mexico City, and Dublin.

In January this year, the tech giant let go of hundreds of employees across multiple teams including engineering, hardware and assistant teams as the company ramps up investment and builds its artificial intelligence offerings. Company CEO Sundar Pichai reportedly told employees at the start of the year to expect more job cuts.

(With inputs from Reuters)

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed - it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 18 Apr 2024, 07:26 AM IST
Next Story footLogo
Recommended For You