US EditionGoogle Offers Buyouts and Tightens Office Return Requirements
- Google offered voluntary buyouts to U.S.-based employees across multiple divisions on Tuesday as part of ongoing cost-cutting efforts.
- These buyouts followed previous large layoffs of around 12,000 employees in 2023 and additional cuts in 2024 amid a drive to reduce costs, initiated by finance chief Anat Ashkenazi.
- Alongside buyouts, Google expanded its return-to-office mandate requiring remote employees within 50 miles of an office to adopt a hybrid schedule to boost in-person collaboration.
- Nick Fox, leading the reorganized Knowledge & Information unit with about 20,000 staff, advised disengaged employees to consider the buyout while encouraging enthusiastic workers to remain.
- These measures reflect Google's strategy to reallocate resources toward AI infrastructure amid strong demand and aiming to increase operational focus and velocity in 2025.
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Ticker: Inflation ticks up in May; Google offers buyouts
U.S. inflation picked up a bit last month as higher prices for groceries and some imported goods were largely offset by cheaper gas, travel services, and rents. Consumer prices increased 2.4% in May compared with a year ago, according to a Labor Department report released Wednesday. That is up from a 2.3% yearly increase in April. Excluding the volatile food and energy categories, core prices rose 2.8% for the third straight month. Economists pa…
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Total News Sources189
Leaning Left36Leaning Right21Center69Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 29%
C 55%
R 17%
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