Google’s quest for efficiency witnessed another round of job cuts. CEO Sundar Pichai recently revealed in an all-hands meeting that the company has slashed 10% of its managerial roles, including directors and VPs. The company is trimming its workforce, sharpening focus amid rising AI competition from rivals like OpenAI, threatening its search dominance.
Google slashes management roles
The tech giant has been on a major cleanup spree lately. This isn't the first time they've done this. In fact, they've been working on streamlining their operations for the past two years. The latest round of layoffs happened on Wednesday and it seems like a lot of managers and VPs had to say goodbye. While some roles were shifted to individual contributor positions, others were completely cut.
The layoff saga started back in 2022 when Google's CEO, Sundar Pichai, announced a plan to make the company 20% more efficient. Last year, the restructuring resulted in a huge layoff affecting more than 12,000 employees.
Source Name : Hindustan Times