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What new major product line will Google announce by June 30, 2025?
2
Resolution / Starting Odds
New AI-based product • 25%
New hardware device • 25%
New cloud service • 25%
No new major product line • 25%
Official announcements from Google or credible news outlets
Story
Google 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.
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