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Google's Strategic Job Cuts Reflect Ongoing Cost-Cutting Measures, Affecting Real Estate and Finance Departments
Google's Strategic Job Cuts Reflect Ongoing Cost-Cutting Measures, Affecting Real Estate and Finance Departments
$Alphabet-A (GOOGL.US)$ Google has commenced another round of employee layoffs, underscoring a strategic move towards cost reduction amidst the tech industry's prevailing economic uncertainties.
The company confirmed that this latest series of job cuts is selective and not widespread across the organization, allowing those affected to pursue other internal opportunities.
Reuters reports that this action follows a pattern of reductions within Google and the broader tech and media sectors throughout the year, stoking concerns that downsizing trends might persist as firms navigate financial instability.
The spokesperson elaborated that these measures were part of efforts initiated in the latter half of 2023 to streamline operations, eliminate redundancy, and better align resources with the company's primary product initiatives.
Reports indicate that the real estate and finance departments are among the sectors within Google experiencing these job cuts.
Functions within finance, such as Google's treasury, business services, and revenue cash operations, have been identified explicitly as areas undergoing restructuring.
Furthermore, Google's finance chief, Ruth Porat, told employees that the company's restructuring strategy includes expanding its growth into international hubs like Bangalore, Mexico City, and Dublin.
Earlier in the year, Google reduced its workforce across various departments, including engineering, hardware, and assistant teams, as part of its increased focus on developing its artificial intelligence capabilities.
Analysts flagged the company's sustained growth through its dominance in mobile search, YouTube, and programmatic advertising alongside strategic investments in cloud, hardware, and AI.
Analysts expect Alphabet's shares to be re-evaluated as the market gains confidence in Google's AI advancements and the potential for growth in the CTV sector.
In January 2023, Alphabet divulged plans to downsize its workforce, comprising 6% of its global employees.
GOOG stock climbed over 49% in the last 12 months. Investors can gain exposure to the stock via $Ishares Global Telecom Etf (IXP.US)$ and $The Communication Services Select Sector SPDR® Fund (XLC.US)$.
Price Action: GOOG shares traded higher by 0.24% at $157.25 premarket on the last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
$Alphabet-A (GOOGL.US)$ Google has commenced another round of employee layoffs, underscoring a strategic move towards cost reduction amidst the tech industry's prevailing economic uncertainties.
$谷歌-A (GOOGL.US)$ 谷歌已經開始了另一輪裁員,這凸顯了在科技行業普遍存在經濟不確定性的情況下朝着降低成本的戰略舉措。
The company confirmed that this latest series of job cuts is selective and not widespread across the organization, allowing those affected to pursue other internal opportunities.
該公司證實,最新的一系列裁員是選擇性的,在整個組織中並不普遍,這使受影響的人可以尋求其他內部機會。
Reuters reports that this action follows a pattern of reductions within Google and the broader tech and media sectors throughout the year, stoking concerns that downsizing trends might persist as firms navigate financial instability.
路透社報道說,這一行動遵循了谷歌以及更廣泛的科技和媒體行業全年裁員的模式,這引發了人們的擔憂,即隨着企業應對金融動盪,裁員趨勢可能會持續下去。
The spokesperson elaborated that these measures were part of efforts initiated in the latter half of 2023 to streamline operations, eliminate redundancy, and better align resources with the company's primary product initiatives.
發言人詳細闡述說,這些措施是2023年下半年啓動的努力的一部分,旨在簡化運營,消除冗餘,更好地使資源與公司的主要產品計劃保持一致。
Reports indicate that the real estate and finance departments are among the sectors within Google experiencing these job cuts.
報告顯示,房地產和財務部門是谷歌內部裁員的行業之一。
Functions within finance, such as Google's treasury, business services, and revenue cash operations, have been identified explicitly as areas undergoing restructuring.
谷歌財務、商業服務和收入現金業務等財務職能已被明確確定爲正在進行重組的領域。
Furthermore, Google's finance chief, Ruth Porat, told employees that the company's restructuring strategy includes expanding its growth into international hubs like Bangalore, Mexico City, and Dublin.
此外,谷歌財務主管露絲·波拉特告訴員工,該公司的重組戰略包括將其增長擴展到班加羅爾、墨西哥城和都柏林等國際中心。
Earlier in the year, Google reduced its workforce across various departments, including engineering, hardware, and assistant teams, as part of its increased focus on developing its artificial intelligence capabilities.
今年早些時候,谷歌裁減了包括工程、硬件和助理團隊在內的各個部門的員工,這是其越來越注重開發其人工智能能力的一部分。
Analysts flagged the company's sustained growth through its dominance in mobile search, YouTube, and programmatic advertising alongside strategic investments in cloud, hardware, and AI.
分析師表示,該公司通過其在移動搜索、YouTube和程序化廣告方面的主導地位以及對雲、硬件和人工智能的戰略投資實現了持續增長。
Analysts expect Alphabet's shares to be re-evaluated as the market gains confidence in Google's AI advancements and the potential for growth in the CTV sector.
分析師預計,隨着市場對谷歌人工智能進步和CTV行業增長潛力的信心增強,Alphabet的股票將得到重新評估。
In January 2023, Alphabet divulged plans to downsize its workforce, comprising 6% of its global employees.
2023年1月,Alphabet透露了裁員計劃,裁員佔其全球員工的6%。
GOOG stock climbed over 49% in the last 12 months. Investors can gain exposure to the stock via $Ishares Global Telecom Etf (IXP.US)$ and $The Communication Services Select Sector SPDR® Fund (XLC.US)$.
在過去的12個月中,GOOG的股票上漲了49%以上。投資者可以通過以下方式獲得股票敞口 $iShares安碩全球電信ETF (IXP.US)$ 和 $通訊服務行業精選指數ETF-SPDR (XLC.US)$。
Price Action: GOOG shares traded higher by 0.24% at $157.25 premarket on the last check Thursday.
價格走勢:GOOG股價在週四的最後一次盤前交易中上漲0.24%,至157.25美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明:此內容部分是在人工智能工具的幫助下製作的,並由Benzinga的編輯審閱和發佈。
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moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
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