This news follows Google's recent layoff of hundreds of workers in its voice assistant business, hardware team, and augmented reality team as part of a cost-cutting campaign. Other major companies, including Amazon, Citigroup, Xerox, and BlackRock, have also announced job cuts in the first two weeks of the new year, indicating a continued push for efficiency and cost reduction. Factors contributing to these cuts include the rise of artificial intelligence and efforts to right-size the workforce after pandemic-related hiring sprees.
Key takeaways:
- YouTube is laying off about 100 people from its creator partnerships team as part of a restructuring effort, with remaining team members to be consolidated under central leadership in each country.
- The restructuring also includes YouTube’s music and support teams, and affected employees have the option to seek another role within the company before accepting a severance package.
- The layoffs follow a similar move by parent company Google, which recently laid off hundreds of workers in its voice assistant business, hardware team, and augmented reality team as part of a cost-cutting campaign.
- Other major companies, including Amazon, Citigroup, Xerox, and BlackRock, have also announced job cuts in the early weeks of the new year, citing the need for efficiency, cost reduction, and the impact of artificial intelligence on traditional roles.