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  • 10 hours ago
Google has eliminated more than one-third of its small-team managers, executives told employees last week, as part of an ongoing push for efficiency, according to CNBC. Brian Welle, vice president of people analytics and performance, said the company now has 35% fewer managers with small teams than a year ago. CEO Sundar Pichai reiterated that the company must scale without relying on headcount growth. Since early 2023, Google has cut 6% of its workforce, slowed hiring, and offered voluntary exit programs across 10 divisions. Executives said the buyout program was created in response to employee feedback, giving staff the option to leave rather than face blanket layoffs. Alphabet shares are up 10% this year, following strong gains in 2023 and 2024.
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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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