tech giant Google Once again jobs have been lost. In the latest round of job cuts, Google has announced layoff of 10 percent of its employees in managerial roles. Those who have lost their jobs also include directors and vice presidents. According to a report by Business Insider, Google CEO Sundar Pichai has confirmed this decision during a meeting.
The layoffs are part of Google’s restructuring strategy that has been going on for the last two years. The Business Insider report quoted a Google spokesperson as saying that some job roles have been converted to Individual Contributor roles and some roles have been eliminated. Google is owned by Alphabet Inc.
Cost cutting exercise started from September 2022
The company’s cost cutting journey started in September 2022, when Pichai said that he wanted Google to be 20 percent more efficient. This was followed by a historic round of layoffs in the company in January 2023, in which 12,000 jobs were eliminated.
According to Layoffs.fyi, so far in 2024, 539 tech companies have laid off 150,034 employees. In 2023, 1,193 companies laid off a total of 2,64,220 employees.
Unicorn startups of Delhi-NCR topped in hiring, number of staff reduced in Mumbai.
Said to update the meaning of Googleyness
During the meeting, Pichai also talked about redefining “Googleyness”. This term is often used internally to describe a company’s culture and values. Pichai told employees that it was time to update what Googleyness means for today’s Google. He hinted at a cultural shift to keep pace with the company’s modern challenges.
