Google lays off more employees, will move some jobs overseas as part of continuing cost cuts

Dow Jones04-18

MW Google lays off more employees, will move some jobs overseas as part of continuing cost cuts

By Mike Murphy

Google announced a new round of layoffs Wednesday, and said it will move some jobs overseas.

Business Insider first reported the cuts, saying they will affect a significant but unspecified number of workers in Google's finance and real-estate departments.

A small percentage of jobs will reportedly move to hubs that Google is developing in Mexico City, Dublin and Bangalore, India, as well as Chicago and Atlanta.

A Google spokesperson confirmed the moves in an email: "We're responsibly investing in our company's biggest priorities and the significant opportunities ahead. 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 said the reorganization is part of the normal course of business, and affected employees will be able to reapply for other jobs within Google. The company will also offer severance and outplacement services.

Ruth Porat, chief financial officer of Google parent Alphabet Inc. $(GOOGL)$ $(GOOG)$, told employees about the restructuring in an email Wednesday, according to Business Insider.

In January, Alphabet Chief Executive Sundar Pichai said the company's significant AI investments will require more job cuts. So far this year, Google has reportedly laid off hundreds, including in its software and hardware units, YouTube and its X technology lab.

This year's cuts will reportedly not be as deep as last year, when Google said it would cut about 12,000 positions, or about 6% of its global workforce.

-Mike Murphy

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(END) Dow Jones Newswires

April 17, 2024 20:47 ET (00:47 GMT)

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Google lays off more employees, will move some jobs overseas as part of continuing cost cuts

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