Google Buyouts Offered Amid Tech Industry Layoffs [Video]

Google has extended a new round of buyouts to its U.S. employees across several core divisions, including its search, ads, and commerce units.

The initiative is part of Google‘s effort to manage headcount following major staff reductions last year. Affected teams also include central engineering, marketing, research, and communications.

Newsweek has contacted Google via email for comment.

Why It Matters

The announcement comes during a surge in technology sector layoffs in Silicon Valley, where companies continue to adjust workforce levels due to economic pressure and rising investment in artificial intelligence. These developments show how volatile tech employment is right now, and how the leading tech companies are implementing structural and market changes.

What To Know

Google introduced the buyout, named a Voluntary Exit Program, in response to ongoing cost-cutting and restructuring goals.

The program is open to select U.S.-based employees in the Knowledge and Information unit (which includes search, ads, and commerce), central engineering, marketing, research, …