00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Google has eliminated more than one-third of its small team managers' executives told employees
00:06last week as part of an ongoing push for efficiency, according to CNBC. Brian Well,
00:11Vice President of People Analytics and Performance, said the company now has 35% fewer managers with
00:16small teams than a year ago. CEO Sundar Pichai reiterated that the company must scale without
00:21relying on headcount growth. Since early 2023, Google has cut 6% of its workforce,
00:26slowed hiring, and offered voluntary exit programs across 10 divisions. The executive
00:31said the buyout program was created in response to employee feedback, giving staff the option to
00:35leave rather than pace blanket layoffs. Alphabet shares are up 10% this year, following strong
00:40gains in 2023 and 2024. For all things money, visit Benzinga.com.
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