Google layoffs in 2024?
Since the beginning of 2023, Google has been reducing its personnel; three rounds of layoffs have already been done, and more are planned. CEO Sundar Pichai emphasised the importance of accuracy and care, saying that these tough choices are a necessary part of a methodical process: "It's about taking the time to do it correctly and well."
In an interview with Bloomberg, Pichai stressed that even while there aren't many decisions made at the head of such a vast organization, they still need to be well-informed and transparent.
Reorganizing teams and simplifying operations are two of Google's strategies for handling these changes. To increase productivity, some teams have dissolved, while others have refocused on new projects. Pichai said that by streamlining team structures, these changes are crucial to increasing the business's operational speed.
This approach to staff reduction is not new; in 2023, Google laid off 12,000 employees, primarily affecting the hardware and core engineering departments. As of 2024, multiple teams within the financial and real estate divisions are being impacted by this trend. Furthermore, according to media reports, Pichai proposed a strategic change that involved moving some functions to overseas "growth hubs" like Mexico City, Bangalore, and Dublin in order to take advantage of local opportunities and knowledge.
Pichai also discussed Google's larger initiatives to adjust to shifting market needs without adding more employees. There's a lot of desire for innovation, which we could have previously satisfied by hiring more staff members. "We cannot continue in that manner during this transition," he said in an interview with Bloomberg. With this, Google is moving away from its prior growth paradigm and toward a more thoughtful reallocation of its current resources.
Pichai is still upbeat about Google's future, particularly in terms of how the business will conform to customer and market expectations. He used the example of current advertising experiments. People want options, even in business settings, and that's a basic human desire, as we've always discovered. These ideas are still valid, according to our data," he said.
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