"Google Implements AI-Driven Restructuring, Cuts Jobs and Shifts Roles Abroad"

Google is restructuring its finance organization, including layoffs and relocations, to prioritize investments in artificial intelligence, according to a memo from Alphabet CFO Ruth Porat. The move follows a broader effort to reallocate resources as advertising growth slows, with CEO Sundar Pichai indicating more job cuts in 2024. The restructuring will impact finance teams globally, with the creation of "hubs" in cities like Bangalore and Dublin, while maintaining a significant presence in the San Francisco Bay Area. The company aims to become more efficient and align resources with its biggest product priorities.