Google Finance and Real Estate Teams Undergo Major Restructuring, Several Roles Cut

In recent weeks, Google’s finance and real estate units have undergone significant changes, with several teams facing cuts. Two current employees have confirmed that the Treasury, Business Services, and Revenue Cash Operations teams in finance have been affected. However, it is unclear if other parts of the company have also been impacted or how many roles have been cut.

Google’s finance chief, Ruth Porat, has announced plans to build out “growth hubs” in locations like Bangalore, Mexico City, and Dublin as part of a restructuring effort to become more efficient and align resources with its biggest product priorities. A small percentage of roles will be relocated to other offices in the US and abroad, including India, Dublin, and Atlanta.

A Google spokesperson has confirmed the cuts but did not disclose the exact number of affected staff. They mentioned that impacted employees can apply for open roles within Google as the company invests in its biggest priorities and opportunities. The spokesperson stated that the restructuring aims to simplify structures, remove layers, and give employees the opportunity to work on innovative projects.

Throughout 2023, Google has undergone staff cuts and company reorganization 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