Google Lays off and Transfers Hundreds of “core” Employees | Entrepreneur - Latest Global News

Google Lays off and Transfers Hundreds of “core” Employees | Entrepreneur

As mass tech layoffs continue to plague the industry, Google is the latest company to cut and relocate employees.

According to the documents received from CNBCGoogle laid off over 200 employees who were part of its “core” division and will move an additional undisclosed number of employees to India and Mexico as the tech giant restructures. The layoffs This came just days before the company reported its first quarter 2024 results on April 25.

According to Google’s website, “core” employees are “responsible for building the technical foundation behind Google’s flagship products,” protecting the online security of Google users, and maintaining the company’s internal IT system. to help employees “do their best work through internal tools and tools.” Developer solutions.”

Nearly 50 affected employees were at Google’s headquarters in Sunnyvale, California, and the cuts mostly affected software engineers.

“A number of our teams have made changes to become more efficient and work better, eliminating shifts and aligning their resources on their biggest product priorities,” a Google spokesperson said Business Insider. “In doing so, we are simplifying our structures to give employees more opportunities to work on our most innovative and important advances and our biggest company priorities, while reducing bureaucracy and shifts.”

Google’s parent company Alphabet, meanwhile, reported a strong first quarter of 2024, with revenue rising 15% to $80.54 billion from $69.79 billion in the same period last year. This was the company’s fastest revenue growth rate since 2022.

Related: Meta, Google layoffs reveal ‘fake work’: Former PayPal exec

“Our first quarter results reflect the strong performance of search, YouTube and cloud,” Sundar Pichai, CEO of Alphabet and Google, said in an earnings release. “We are well on our way with our Gemini era and there is great momentum throughout the company. Our leadership in AI research and infrastructure, as well as our global product presence, position us well for the next wave of AI innovation.”

April’s job cuts follow a previous round of mass layoffs in January, in which nearly 1,000 employees were laid off in Google’s hardware and search divisions to re-prioritize and expand the company’s AI sector.

“We intend to maintain our current global footprint while expanding in high-growth global workforce locations so that we can operate closer to our partners and developer communities,” Asim Husain, vice president of the Google Developer Ecosystem, wrote in an internal email last week Per CNBC.

Related: Google wants its employees back in the office: report

Alphabet was up over 58% year over year as of Thursday morning.

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