Tech giant Google is implementing a new round of layoffs as part of its efforts to streamline operations and reduce costs within its finance division, reports surfaced on Thursday.
The layoffs are part of an ongoing restructuring effort at Google, which the company conducts periodically. While the impact on its operations in India is minimal, the move underscores Google’s commitment to optimizing its organizational structure.
According to sources familiar with the matter, affected employees will have the opportunity to apply for internal positions within the company. However, a Google spokesperson did not disclose specific details about the number of employees affected in a statement to Reuters.
A small percentage of affected roles will be relocated to strategic hubs that Google is investing in, including locations such as India, Chicago, Atlanta, and Dublin, as per the spokesperson.
The decision comes amid a broader trend of slow hiring in the tech industry, with several major companies, including Microsoft, Google, and SAP, announcing layoffs in 2024. This latest round of layoffs follows a significant restructuring exercise conducted by Google in January, where hundreds of employees across various departments were let go.
Google’s CEO Sundar Pichai had previously announced job cuts affecting 12,000 employees in January 2023, representing over six percent of its global workforce. While last year’s job cuts were communicated directly by Pichai, this year’s reductions are being handled by lower-level leaders within the company.
Overall, these moves are part of Google’s broader strategy to focus on building its artificial intelligence capabilities and align its workforce with its long-term goals.
