Google Layoffs: Tech Firm Fire Employees In Finance And Real Estate Teams, Says Report

These Google layoffs have reportedly impacted employees in the real estate and finance departments

Google Layoffs: In January, Google initiated layoffs affecting hundreds of employees across various teams, including engineering, hardware, and assistant teams ( Image Source :Getty )

Google, the tech giant, is reportedly preparing for another set of layoffs. As the firm intensifies its cost-cutting efforts, these layoffs mark the latest series of job cuts at the organisation, reported the news agency Reuters, citing sources on Wednesday. The Google spokesperson told Reuters that the layoffs are not company-wide and assured that affected employees will have the opportunity to apply for internal positions. 

According to Business Insider, these layoffs have impacted Google employees in the real estate and finance departments. The report specifies that finance teams affected by the layoffs include Google's treasury, business services, and revenue cash operations. Google's finance chief, Ruth Porat, reportedly informed employees via email that the restructuring aims to expand operations in cities such as Bangalore, Mexico City, and Dublin.

"As we've said, 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,” a 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.

In January, Google initiated layoffs affecting hundreds of employees across various teams, including engineering, hardware, and assistant teams. This move coincides with the company's increased investment in the development of its artificial intelligence (AI) offerings. Sundar Pichai, the CEO of the company, reportedly informed employees at the beginning of the year to anticipate further job cuts.

“We have ambitious goals and will be investing in our big priorities this year. 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 told all Google in an internal memo sourced by The Verge.