In a big transfer, tech giant Google has declared plans for major restructuring, probably resulting in worker layoffs. The firm’s chief monetary officer, Ruth Porat, conveyed this message to workers through a memo, CNBC reported. According to the memo, Ruth Porat addressed the continuing platform shift in the tech sector, significantly with the emergence of Artificial Intelligence (AI). She emphasised the chance to develop extra useful merchandise for customers and quicker options for patrons. However, Porat acknowledged the need for robust choices, together with changes in work areas to align with precedence areas.
“We are sad to say goodbye to some talented teammates and friends we care about, and we know this change is difficult,” the memo acknowledged. This announcement follows Google CEO Sundar Pichai’s earlier warning concerning the potential for extra layoffs in 2024.
Impact on Google workers
While Google didn’t specify the precise quantity of workers affected by the most recent round of layoffs, reviews counsel that it may primarily influence the finance division.
Global influence of layoffs
The restructuring is anticipated to have an effect on groups throughout Asia-Pacific, Europe, and the Middle East. Google intends to determine extra centralized hubs in cities comparable to Bangalore, Dublin, Mexico City, Atlanta, and Chicago.
Tech layoffs pattern in 2024
Google’s transfer provides to the pattern of tech corporations implementing restructuring plans in 2023 and 2024, resulting in tens of hundreds of job cuts worldwide. Reports point out that over 58,000 tech workers have been laid off to this point in 2024.
Also learn | Stock market witnesses surge as Sensex crosses 73,100, Nifty above 22,200
