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Stockreport

Google restructures finance team as a part of AI shift, CFO tells employees in memo [CNBC]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: CNBC
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
relocations, as the company pushes resources to favor investments in artificial intelligence. “The tech sector is in the midst of a tremendous platform shift with Al,” Porat wrote in the memo, obtained by CNBC, that was sent to employees in finance. “As a company, this means we have the opportunity to make more helpful products for billions of users and provide faster solutions to our customers, but it also means we collectively have to make tough decisions, including how and where we work to align with our highest priority areas.” The latest cuts follow a broader effort by Google to rearrange its workforce and resources to accommodate further investment in new technologies like AI as advertising growth slows. CEO Sundar Pichai told employees in January that more job cuts were likely coming in 2024, though he didn't specify which teams would be affected. The restructuring will impact finance teams domestically and abroad, including in the Asia Pacific region and Europe, the Midd [Read more]
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Stockreport

Google restructures finance team as a part of AI shift, CFO tells employees in memo [CNBC]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: CNBC
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
relocations, as the company pushes resources to favor investments in artificial intelligence. “The tech sector is in the midst of a tremendous platform shift with Al,” Porat wrote in the memo, obtained by CNBC, that was sent to employees in finance. “As a company, this means we have the opportunity to make more helpful products for billions of users and provide faster solutions to our customers, but it also means we collectively have to make tough decisions, including how and where we work to align with our highest priority areas.” The latest cuts follow a broader effort by Google to rearrange its workforce and resources to accommodate further investment in new technologies like AI as advertising growth slows. CEO Sundar Pichai told employees in January that more job cuts were likely coming in 2024, though he didn't specify which teams would be affected. The restructuring will impact finance teams domestically and abroad, including in the Asia Pacific region and Europe, the Midd [Read more]
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GOOG
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