• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » Google announces second major layoff wave in 2024

Google announces second major layoff wave in 2024

Google second major layoff
Photo from People Matters

CALIFORNIA, UNITED STATES — In a move that underscores the ongoing restructuring within the tech industry, Google announced a significant reduction in its workforce, marking the second major round of layoffs this year. 

The cuts predominantly affect the company’s finance and real estate departments as part of a strategic shift towards efficiency and realignment of resources.

Restructuring for future growth and AI investment

A Google spokesperson confirmed that the layoffs are part of a broader initiative to streamline operations and focus on the company’s most significant product priorities. 

“To best position us for these opportunities, throughout the second half of 2023 and into 2024, a number of our teams made changes to become more efficient and work better, remove layers, and align their resources to their biggest product priorities,” the spokesperson stated.

The restructuring plan includes relocating some roles to growing international hubs in Atlanta, Chicago, India, Ireland, and Mexico. 

Impact on employees and opportunity for internal transfers

While the exact number of job cuts has not been disclosed, the layoffs are expected to primarily impact the company’s treasury, business services, and revenue cash operations.

Affected employees have been encouraged to apply for other open positions within the company, indicating that not all teams will experience the reductions.

This round of layoffs follows an earlier workforce reduction in January, where Google let go of 702 workers in the Bay Area and an additional 100 jobs at its YouTube division

CEO Sundar Pichai had previously indicated that further job cuts were anticipated throughout the year.

Adapting to remote work trends and real estate reductions

The tech giant’s decision to downsize its real estate footprint reflects the shift towards remote work, which has led to a decreased need for physical office space. 

In 2023, Google spent $1.8 billion on obligations related to its real estate reductions and marketed 1.4 million square feet of office space for sublease in Silicon Valley. A major project in San Jose has also been put on hold as part of these cost-cutting measures.

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image