Loading...
Loading...
Browse all stories on DeepNewz
VisitGoogle to Lay Off 10% of Management Roles, Affecting Hundreds, After Cutting 12,000 Employees in January 2023
Dec 20, 2024, 08:21 AM
Google is set to lay off 10% of its management positions, including mid-level and VP roles, as part of an efficiency initiative announced by CEO Sundar Pichai. This decision follows a broader trend of workforce reductions at the company, which has already cut 6% of its global workforce, equating to approximately 12,000 employees, in January 2023. Over the past two years, Google has reduced its managerial and VP roles by 10%. The latest layoffs are expected to affect hundreds of employees as the company aims to enhance operational efficiency amidst increasing competition from rivals such as OpenAI.
View original story
Markets
No • 50%
Yes • 50%
Official announcements from Google or credible news outlets
Yes • 50%
No • 50%
Official announcements from Google or credible news outlets
No • 50%
Yes • 50%
Official announcements from Google or credible news outlets
New AI-based product • 25%
New hardware device • 25%
No new major product line • 25%
New cloud service • 25%
Official announcements from Google or credible news outlets
No new partnerships or acquisitions • 25%
Partnership with cloud services company • 25%
Acquisition of a tech startup • 25%
Partnership with AI company • 25%
Official announcements from Google or credible news outlets
Increase in market share • 25%
Decrease in market share • 25%
No significant change • 25%
Market share data not available • 25%
Market analysis reports from credible financial institutions