Google has initiated a new round of buyouts aimed at reducing costs, targeting departments including search, advertising, research, and engineering. This move follows previous layoffs earlier in 2023, where the company reduced its workforce by 12,000 amidst declining demand post-pandemic. A Google spokesperson confirmed the introduction of a voluntary exit program for U.S. employees and mentioned a shift towards a hybrid work model for those working remotely near offices, reflecting the company's ongoing restructuring efforts as they adapt to new economic realities.
Google has offered buyouts to staff in several divisions in a fresh round of cost cutting, according to a company statement and reports from several news outlets.
"Earlier this year, some of our teams introduced a voluntary exit program with severance for U.S.-based Googlers, and several more are now offering the program to support our important work ahead," a Google spokesperson, Courtenay Mencini, said in a statement.
"A number of teams are also asking remote employees who live near an office to return to a hybrid work schedule in order to bring folks more together in-person," Mencini said.
The tech company started trimming its headcount in 2023, when it announced that it was laying off 12,000 staff as the economic boom that fueled demand for online services during the COVID-19 pandemic started to fade.
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