
Google offers buyouts to employees across the company, including Search
Google on Tuesday offered buyouts to employees across several of its divisions, including those within its knowledge and information and central engineering units as well as marketing, research and communications teams, CNBC has learned.
Knowledge and information, or K&I, is the unit that houses Google's search, ads and commerce divisions. The buyouts Tuesday are the company's latest effort to reduce headcount, which Google has continued to do in waves since laying off 12,000 employees in 2023.
CNBC could not confirm how many employees were impacted by the latest round of buyouts. The Information reported earlier that the company offered buyouts to employees in the search and ads unit.
The "voluntary exit program" applies to U.S.-based employees, and some teams are also mandating office returns for remote workers who live within 50 miles of an office, the company confirmed. They will be expected to assume a hybrid work schedule "in order to bring folks more together in-person."
"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," Google spokesperson Courtenay Mencini wrote in an emailed statement to CNBC.
K&I has approximately 20,000 employees. The unit underwent a re-organization in October that resulted in Google executive Nick Fox taking over the helm. Fox sent out a memo on Tuesday saying that employees who are not meeting expectations may want to take the buyout and that those who are excited by their work and doing well to remain with the company.
"I want to be very clear: If you're excited about your work, energized by the opportunity ahead, and performing well, I really (really!) hope you don't take this! We have ambitious plans and tons to get done," Fox wrote, according to the memo which was reviewed by CNBC. "On the other hand, this VEP offers a supportive exit path for those of you who don't feel aligned with our strategy, don't feel energized by your work, or are having difficulty meeting the expectations of your role."
The buyouts come after finance chief Anat Ashkenazi in October said that one of her top priorities would be to drive more cost cutting as Google expands its spending on artificial intelligence infrastructure in 2025.
So far this year, the company's "Platforms and Devices" unit and "People Operations" have also offered voluntary buyouts. Additionally, Google has demanded that some remote employees return to the office if they want to keep their jobs and avoid being part of broader cost cuts at the company, CNBC reported in April.
Google is also overhauling a popular internal learning platform to focus on teaching employees how to use modern AI tools in their work in a shift away from some of its nice-to-have programs to more business-essential offerings, CNBC reported Tuesday.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
40 minutes ago
- Yahoo
Shaquille O'Neal agrees to pay $1.8M to settle FTX crypto endorsement
June 13 (UPI) -- Shaquille O'Neal, the retired basketball star and NBA analyst, has agreed to pay $1.8 million to settle claims that he misled investors by promoting the now-bankrupt crypto exchange FTX. O'Neal, who urged fans to trust the platform in a commercial, won't admit wrongdoing. He reportedly earned much less to make the commercial that aired in June 2022: around $750,000, Front Office Sports reported. The settlement Monday marks one of the first high-profile settlements over FTX's collapse, CNBC reported. The civil case in Miami federal court. O'Neal must pay the amount within 30 days. An initial settlement was reached in November. In the class-action suit, O'Neal is accused of presenting FTX as a trustworthy and legitimate investment tool while allegedly helping drive the adoption of unregistered securities. Eligible are users who deposited money into FTX or held its proprietary token, FTT, between May 2019 and late 2022. O'Neal's $1.8 million payout will cover all legal fees, notice and administration costs, and payouts to those eligible. Also, he is released from future liability and is barred from seeking reimbursement from the FTX bankruptcy estate. "We are pleased to have this matter behind us," O'Neal's attorney said in a statement. In 2022, O'Neal told CNBC he "was just a paid spokesperson for a commercial." At the time he said he didn't know much about crypto currency. "I don't understand it, so I will probably stay away from it until I get a full understanding of what it is," he told CNBS. "From my experience, it is too good to be true." Other FTX endorsers, including Tom Brady, Gisele Bündchen and Steph Curry, had claims against them largely dismissed. FTX, a company in the Bahamas, was the third-largest cryptocurrency exchange three years ago but it racked up billions of dollars or losses and filed for bankruptcy on Nov. 11, 2022. Founder Sam Bankman-Fried isserving a 25-year prison sentence for seven counts of fraud and conspiracy related to the FTX collapse. O'Neal, Charles Barkley, Kenny Smith and Ernie Johnson are moving from TNT next season when "Inside the NBA" appears on ESPN. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


CNET
43 minutes ago
- CNET
Too Busy to Read? Google's Audio Overviews Summarize Your Search Results Aloud
The next time you wonder why school buses are yellow, you might not have to read a single word to get the answer. Google's latest experimental feature can literally tell you the answer, in a tiny audio clip that loads right inside your results page. Launched Friday in Search Labs, Audio Overviews uses Google's latest Gemini AI models to turn certain queries into 30- to 45-second, podcast-style explainers, complete with on-screen source links for fact-checking. The move pushes Google's AI Overviews beyond text, positioning Search for a semi-hands-free, voice-first future, while also raising more questions about what this means for publishers who rely on clicks. How you can try out Audio Overviews right now You can try out Google's Audio Overviews right now if you're interested. Go to the Google Labs website, opt in to the Search Labs program if you're not already signed up and then toggle on Audio Overviews. You can hit Try an example to test out the feature. Nelson Aguilar/CNET The next time you run a query, like "How do I stop apps from tracking my exact location on my iPhone," Google might show you a button that says Generate Audio Overview, which you'll have to scroll down a little to see. You can then tap on the Audio Overview to process the clip, and then press play. You can speed up the audio, mute the clip and rate it with a thumbs-up or thumbs-down, to better train it. Audio Overviews are only available in the US for now. Nelson Aguilar/CNET Below the player, Google lists the web pages it drew from, so you can click through to fact-check the information or just dig deeper. For those who might have visual impairments, this new feature offers a glimpse at what a voice-first Google might look like. But until Google expands language support and proves the summaries are dependable, consider this a nifty experiment for now, not a substitute for reading the full story.


UPI
an hour ago
- UPI
Shaquille O'Neal agrees to pay $1.8M to settle FTX crypto endorsement
Shaquille O'Neal (R) sits with his son Shareef O'Neal before the start of the Eastern Conference Final Game 3 between the Indiana Pacers and the New York Knicks in Indianapolis in May. File Photo by Aaron Josefczyk/UPI | License Photo June 13 (UPI) -- Shaquille O'Neal, the retired basketball star and NBA analyst, has agreed to pay $1.8 million to settle claims that he misled investors by promoting the now-bankrupt crypto exchange FTX. O'Neal, who urged fans to trust the platform in a commercial, won't admit wrongdoing. He reportedly earned much less to make the commercial that aired in June 2022: around $750,000, Front Office Sports reported. The settlement Monday marks one of the first high-profile settlements over FTX's collapse, CNBC reported. The civil case in Miami federal court. O'Neal must pay the amount within 30 days. An initial settlement was reached in November. In the class-action suit, O'Neal is accused of presenting FTX as a trustworthy and legitimate investment tool while allegedly helping drive the adoption of unregistered securities. Eligible are users who deposited money into FTX or held its proprietary token, FTT, between May 2019 and late 2022. O'Neal's $1.8 million payout will cover all legal fees, notice and administration costs, and payouts to those eligible. Also, he is released from future liability and is barred from seeking reimbursement from the FTX bankruptcy estate. "We are pleased to have this matter behind us," O'Neal's attorney said in a statement. In 2022, O'Neal told CNBC he "was just a paid spokesperson for a commercial." At the time he said he didn't know much about crypto currency. "I don't understand it, so I will probably stay away from it until I get a full understanding of what it is," he told CNBS. "From my experience, it is too good to be true." Other FTX endorsers, including Tom Brady, Gisele Bündchen and Steph Curry, had claims against them largely dismissed. FTX, a company in the Bahamas, was the third-largest cryptocurrency exchange three years ago but it racked up billions of dollars or losses and filed for bankruptcy on Nov. 11, 2022. Founder Sam Bankman-Fried isserving a 25-year prison sentence for seven counts of fraud and conspiracy related to the FTX collapse. O'Neal, Charles Barkley, Kenny Smith and Ernie Johnson are moving from TNT next season when "Inside the NBA" appears on ESPN.