In a major move, Google CEO Sundar Pichai has announced
a 10% layoff affecting the management roles, including vice presidents
and directors.
This bold move is part of a broader plan to
streamline operations and tackle growing challenges in the tech world,
according to Pichai.
Google has made changes in the last couple of years
to make the company efficient and simplify its structure, according
to Business Insider.
Rising inflation.
Slowing ad revenues An intense competition from AI driven companies
like Open AI are putting pressure on Google to stay
ahead.
After targeting 20% efficiency in 2022, Google made its biggest
layoffs ever, 12,000 jobs.
In May 2024, Google cut 200 jobs from its core
team and relocated some of the jobs overseas as a
part of cost cutting for the restructuring process.
With these sweeping changes, Google is betting on a leaner,
faster and more innovative future.