Google Announces Finance and Real Estate Cuts: What This Means for Your Job and the Future of Google

This week, Google has made cuts to several teams within its finance and real estate units, according to two current employees who were notified of the changes. One of the affected teams in finance includes Google’s Treasury, Business Services, and Revenue Cash Operations teams. It remains unclear if other parts of the company have been impacted or how many roles have been cut. Some roles are reportedly being moved abroad as part of the restructuring.

Google’s finance chief, Ruth Porat, announced plans to build out “growth hubs” in locations like Bangalore, Mexico City, and Dublin as part of the company’s effort to become more efficient and align resources with its biggest product priorities. A small percentage of roles will be relocated to other offices in the US and abroad, including India, Dublin, and Atlanta.

A Google spokesperson confirmed the cuts but did not disclose the exact number of affected staff. They mentioned that impacted employees can apply for open roles within Google as the company invests in its biggest priorities and opportunities. The spokesperson stated that the restructuring aims to simplify structures, remove layers, and give employees the opportunity to work on innovative projects.

Google has been undergoing staff cuts and company reorganization throughout 2023 to reduce costs and accelerate progress in key areas like AI. CEO Sundar Pichai previously warned employees that cuts would continue throughout the year, although not every team would be affected. Alphabet’s other companies, such as Verily, have also reduced headcount in response to market shifts. If you are a current or former Google employee with insights to share, feel free to reach out securely on Signal (628-228-1836).