Google offers buyout plans amid AI-focused overhaul: Report
Google has started offering voluntary buyouts to employees in several teams, including those working in its Knowledge and Information (K&I) unit, which includes its Search and Ads divisions, reported CNBC.This move is part of ongoing efforts to downsize its workforce, a strategy the tech giant has been employing since its notable layoffs in 2023 that affected 12,000 employees. The exact number of employees impacted by this latest buyout offer remains unconfirmed by Google.advertisementHowever, the buyouts are part of a broader initiative to streamline operations as the company continues to allocate resources towards enhancing its artificial intelligence infrastructure.WHAT IS THIS NEW BUYOUT OFFER?
Instead of laying people off, Google is now giving some employees the option to leave the company with a severance package. This is being called a "voluntary exit programme" (VEP).The company confirmed that the programme is meant for employees in the US, while some teams are asking remote workers living within 50 miles of an office to return part-time under a hybrid model to encourage more in-person collaboration, mentioned the report.WHAT DOES THE MANAGEMENT SAY?Google executive, Nick Fox, communicated via a memo that the VEP is designed to offer a supportive path for those who may not feel aligned with the company's strategic direction or are struggling to meet role expectations.advertisementHe emphasised in the memo that employees who are motivated, aligned with the company's goals, and performing well are encouraged to stay, the report stated.WHY IS THIS HAPPENING NOW?Google is shifting its focus to AI, which means reorganising teams and spending more wisely. The company wants to put more money into building AI tools and training its staff to use them effectively.That's why it's also shutting down some older training programmes and replacing them with new ones focused on AI skills.Must Watch
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Time of India
36 minutes ago
- Time of India
Google, Scale AI's largest customer, plans split after Meta deal
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Time of India
6 hours ago
- Time of India
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