Google’s finance and real estate units have recently undergone staff cuts, according to two sources who were notified of the changes this week. The impacted teams within finance include Google’s Treasury, Business Services, and Revenue Cash Operations teams. It is unclear if other parts of the company have been affected or how many roles have been cut. Some roles are reportedly being moved abroad as part of the restructuring.
In a recent email to staff, Ruth Porat, Google’s finance chief, announced plans to build out “growth hubs” in locations like Bangalore, Mexico City, and Dublin. The restructuring is part of Google’s effort to become more efficient and align resources with its biggest product priorities. A small percentage of roles will be relocated to other offices in the US and abroad, including India, Dublin, and Atlanta.
Google has been undergoing staff cuts and company reorganization throughout 2023 to reduce costs and accelerate progress in key areas like AI. CEO Sundar Pichai previously warned employees that cuts would continue throughout the year, although not every team would be affected. Alphabet’s other companies, such as Verily, have also reduced headcount in response to market shifts. If you are a current or former Google employee with insights to share, feel free to reach out securely on Signal (628-228-1836).