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Google CEO Sundar Pichai has recently announced another major lay-off cycle as part of its efficiency drive. This time, the company plans to cut 10 percent of the managerial roles. The decision is part of a broader organisational restructuring aimed at enhancing operational efficiency and aligning resources with the company's strategic priorities.
This 10% reduction in its managerial workforce would include directors and vice presidents, as part of an ongoing efficiency initiative. CEO Sundar Pichai announced this restructuring during an internal meeting, emphasizing the company's commitment to streamlining operations and enhancing productivity.
In May 2024, Google cut 200 jobs from its “core team” and relocated some of the jobs overseas as a part of cost-cutting for the restructuring process, reported CNBC citing internal sources. Almost 50 jobs were cut from the engineering team in California. The core team develops the "technical foundation behind the company's flagship products" with the user safety online and its global IT infrastructure.
This decision follows a significant reduction of 12,000 roles in January 2023, reflecting Google's response to increasing competition from AI-driven companies like OpenAI, which is bringing new products that might affect the search business of Google. The company aims to adapt to evolving market demands and maintain its competitive edge in the rapidly advancing tech industry.
In response to competition from OpenAI, Google has brought in generative AI features in its core business. It has launched several new AI features, including a new AI video generator to compete with OpenAI's early testing and a new set of Gemini models, which includes a "reasoning" model that shows its thought process.
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