Google Lays Off 200 Core Team Members, Shifts Jobs to India and Mexico
The tech giant's restructuring aims to cut costs and enhance global operations, despite a strong financial performance.
- Google has laid off at least 200 employees from its Core teams as part of a broader restructuring strategy.
- The layoffs target roles primarily in engineering and are part of efforts to move jobs to lower-cost regions like India and Mexico.
- This move follows a series of job cuts initiated last year, aligning with Google's focus on expanding its AI capabilities.
- Despite the layoffs, Google's parent company Alphabet reported a significant increase in revenue and announced its first-ever dividend.
- The restructuring is seen as a strategic shift to optimize operations and focus on high-growth markets.