'YouTube Is The Latest Part Of Google To Be Hit With Layoffs/ Job Cuts Continue To Roll Through Google. This Time, It's The Business Side Of
YouTube' - The Verge
Portfolio Pulse from Benzinga Newsdesk
YouTube, part of Google, is undergoing layoffs affecting the business side, including operations, partnerships, and advertising. This follows over 1,000 layoffs at Google last week and additional cuts in Google's advertising division. Affected YouTube employees have a limited time to find new roles within the company before being offered severance.
January 17, 2024 | 7:38 pm
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Google's YouTube division is experiencing layoffs, particularly in business operations, partnerships, and advertising. This is part of broader job cuts across Google, which may affect investor sentiment.
Layoffs can lead to short-term negative sentiment as they may indicate cost-cutting due to financial pressure or restructuring. This news could worry investors about Google's current business health and future growth prospects, potentially leading to a decrease in stock price.
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