Pichai explained the company’s strategy. And said the latest job eliminations are geared towards “removing layers to simplify execution and drive velocity in some areas.”
This is not an isolated incident, other major tech players like Discord, Meta, Amazon, Twitch, Humane AI, Unity, and Duolingo have also been cutting staff and making other restructuring moves in the early months of 2024.
Tech Shifting
The tech industry, once hailed for its rapid growth, is now undergoing a significant shift. Pichai admitted that Google’s hiring strategy was based on a different economic landscape.
The need for restructuring is a response to this evolving reality. The situation, described as “role eliminations,” is essentially a method of streamlining operations, but the true impact remains to be seen.
Sandberg leaving Meta
In the midst of this industry-wide shakeup, Meta, Facebook’s parent company, is experiencing a major change.
Sheryl Sandberg, Meta’s founding chief operating officer, announced her departure from the company’s board of directors in May. This marks the end of a remarkable 14-year stint at Meta, where she played a crucial role in its success.
