Google Announces Staff Cuts in Finance and Real Estate Units as Part of Efficiency Drive

Google recently announced plans to cut several teams within its finance and real estate units, according to two current employees who were informed of the cuts this week. One of the affected teams in finance includes Google’s Treasury, Business Services, and Revenue Cash Operations teams. The exact number of affected staff is not yet known, but some roles are reportedly being moved abroad as part of the restructuring.

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

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).