Google is undergoing restructuring and cost-cutting measures in its finance and real estate units, according to two current employees who were notified of the cuts this week. The affected teams in finance include Google’s Treasury, Business Services, and Revenue Cash Operations teams. Some roles are being moved abroad as part of the restructuring.
In an email to staff, Google’s finance chief, Ruth Porat, announced plans to build out “growth hubs” in locations like Bangalore, Mexico City, and Dublin. The restructuring is part of the company’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 spokesperson confirmed the cuts but did not disclose the exact number of affected staff. They mentioned that impacted employees can apply for open roles within Google as the company invests in its biggest priorities and opportunities. The spokesperson stated that the restructuring aims to simplify structures, remove layers, and give employees the opportunity to work on innovative projects.
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
