layoffs

Google is offering voluntary separation packages to employees across various departments, including knowledge and information, engineering, and marketing. This follows significant layoffs in 2023 and earlier voluntary separation offers to Android and Pixel hardware teams. The buyouts aim to reduce headcount and address employee anxieties about continued restructuring, despite Google’s financial health.

Citi is restructuring its technology teams in Shanghai and Dalian, China, leading to approximately 3,500 job cuts. The bank reportedly communicated separation details on June 5th, with compensation exceeding statutory requirements. While the packages may not match those of other multinationals like Microsoft, they are still notably more generous than typical Chinese business severance.