Another global giant announced layoffs.
According to CNBC, Google will lay off at least 200 employees from its "core" organization, including key teams and engineering talent.
Google launches a new round of layoffs
According to CNBC, Google will lay off at least 200 employees from its "core" organization, including key teams and engineering talent. As part of the restructuring of the department, the company will recruit corresponding positions in Mexico and India.
According to Google's website, its core department is responsible for building the technical foundation behind the company's flagship products and protecting user online security. The core team includes key technical units from information technology, Python development team, technical infrastructure, security foundation, application platform, core developers, and various engineering roles.
According to IT Home, Google has confirmed that the company is undergoing a new round of layoffs in order to "make the team more efficient and utilize resources more effectively." The related layoff plans are said to affect departments such as Flutter, Dart, and Python.
Previously, it was reported that former Google Python engineer, CPython core developer, and member of the Python steering committee, Thomas Wuters, claimed that Google has completely cut off the Python foundation team and plans to provide related work to new employees in Munich, Germany.
In fact, in mid April, Google announced a new round of layoffs and stated that it would transfer some of its job positions overseas. This round of layoffs starts on March 10th and is expected to continue until August.
A Google spokesperson stated that this restructuring is part of normal business processes, and affected employees can reapply for other internal Google jobs. The company will also provide severance pay and re employment services. "We are investing responsibly in the company's top priority business and significant future opportunities. In order to meet these opportunities at our best, some of our teams have made adjustments throughout the second half of 2023 to 2024 to improve efficiency, work better, reduce hierarchy, and allocate resources to the top priority product matters."
Google Restructures Finance Team
Google's CFO Ruth Porat stated in a memo on April 17th that the company is restructuring its finance department, which will include layoffs and relocation, using resources to support artificial intelligence investments.
Porat stated that this restructuring will affect Google's financial teams both domestically and internationally, including the Asia Pacific region as well as Europe, the Middle East, and Africa.
Porat stated that Google will establish "centers" in locations such as Bangalore, Mexico City, Dublin, Chicago, and Atlanta to achieve more centralized operations. She pointed out that the company plans to maintain an important position in the San Francisco Bay Area. "This strategy will help us become a more efficient organization, enabling us to run 24 hours a day."
With Google's continuous efforts in AI transformation, it has laid off hundreds of employees from multiple teams this year, including its engineering, hardware, and assistant teams. The CEO of the company, Sundar Pichai, told employees earlier this year that more layoffs are expected.
The global wave of layoffs is still spreading
Recently, information about Tesla's layoffs has attracted market attention.
According to foreign media reports, Musk has fired two Tesla executives and plans to lay off hundreds more due to his frustration with declining sales and the speed of layoffs. According to reports, Rebecca Tinucci, Senior Director of Supercharging Business at this electric vehicle manufacturer, and Daniel Ho, Head of New Car Projects, have resigned. Musk also plans to lay off the teams under these two executives, including approximately 500 employees working in the supercharging team.
In an email to Tesla employees who were laid off, Musk wrote, "I hope these measures clearly indicate that we need to take absolutely tough measures to reduce employee numbers and costs. Although some executives are taking this issue seriously, the majority have not yet achieved this."
In addition, a government notice shows that Tesla plans to lay off 693 employees at its factory in Nevada, USA, as part of its global layoff plan of 10%. According to Tesla's previous WARN notices to Texas and California, the company will lay off 3332 employees in California and 2688 employees in Texas, affecting a total of over 6000 positions. The company also plans to lay off approximately 400 employees in its German factory and 285 employees in its solar factory in Buffalo, New York.
In addition, the wave of layoffs is still spreading, and global giants are announcing layoff plans. On April 25th, American home appliance giant Whirlpool announced its Q1 2024 results and announced the global layoffs of 1000 monthly employees. In addition to layoffs, the company is also simplifying manufacturing processes, reducing consulting expenses, and cutting costs in other areas, aiming to save $400 million in operating expenses this year.
Recently, global biopharmaceutical company BMS announced that it will lay off 6% of its workforce in a restructuring to save $1.5 billion in costs by the end of next year. Layoffs will affect approximately 2200 employees. In addition, the company will also reduce clinical drug pipelines, integrate a series of offices and laboratories, and reduce "third-party" expenses.
UBS Group recently announced that it will begin five rounds of layoffs globally from June to November this year, with a total of 50% to 60% of former Credit Suisse employees potentially being laid off. It is expected to save a total of 12 billion Swiss francs (approximately over 95 billion yuan) in costs.
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