48.94 F
London
November 7, 2024
PI Global Investments
Real Estate

Google lays off employees in real estate and finance departments 


Layoffs are taking place in Google again, but this time it is believed to impact an unspecified number of people. Although the exact number of employees who are affected has not been disclosed, a source revealed that it is a pretty large scale. The company spokesperson said that the layoffs are being conducted to cut costs. He also added that the employees who are impacted will be able to apply for other roles internally. Some of the impacted roles will move to other countries, like India, Chicago, Atlanta and Dublin.

“As we’ve said, we’re responsibly investing in our company’s biggest priorities and the significant opportunities ahead,” said a Google spokesperson. “To best position us for these opportunities, 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 Google spokesperson told Business Insider.

“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. Google had previously eliminated a slew of roles earlier this year.

As per Business Insider, Google employees in the real estate and the finance department has been affected. The finance teams that were affected in the layoffs include Google’s treasury, business services, and revenue cash operations, the report reveals. The finance chief in Google, Ruth Porat, informed the employees in an email that the restructuring involves expanding growth to cities like Bangalore, Mexico City and Dublin.

In January, CEO Sundar Pichai asked the employees to be prepared for the job cuts that would continue throughout the year. “We have ambitious goals and will be investing in our big priorities this year,” Pichai told all Google in an internal memo accessed by The Verge. “The reality is that to create the capacity for this investment, we have to make tough choices.” “These role eliminations are not at the scale of last year’s reductions, and will not touch every team,” Pichai wrote in his memo. But I know it’s very difficult to see colleagues and teams impacted,” he had said.

Published By:

Ankita Chakravarti

Published On:

Apr 18, 2024



Source link

Related posts

Rules for buying and selling a home are changing. Here’s what to know.

D.William

Russian officials own real estate near a Norwegian military base

D.William

Buyers brave a blizzard to lock in a deal for Calgary house

D.William

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.