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Google CEO tells workers to expect further job cuts - The Verge

Investing.com -- Google Chief Executive Sundar Pichai has warned employees that the search giant will further reduce headcount, according to a report in The Verge that cited an internal memo.

Pichai argued in the memo that the cuts are needed to help simplify operations and increase velocity in some areas, the report said.

However, he reportedly claimed that the role eliminations will not be as large as they were last year and will not touch every team. Google said last week that it would be laying off hundreds of employees at multiple divisions, including its Voice Assistant unit and its hardware business overseeing gadgets like Nest and Fitbit.

Job cuts have hit companies across multiple industries in recent months, reflecting a push by many firms to rein in costs and focus spending on developing artificial intelligence software.

Shares in Google-parent Alphabet (NASDAQ:GOOGL) were slightly higher in premarket U.S. trading on Thursday.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.