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Google Combines Maps & Waze Teams To Control Costs Without Any Layoffs: Report

  • Alphabet Inc GOOG GOOGL Google looks to merge Waze’s more than 500 employees with the company’s Geo organization, which supervises the Maps, Earth, and Street View products, beginning on Friday.
  • Waze CEO Neha Parikh will exit her role following a transition period, the Wall Street Journal reports.
  • Google said it planned to preserve Waze as a stand-alone service and did not eye any layoffs under the reorganization.
  • Also Read: Google Cloud Managers Likely To Be Hit By Pay Cuts As Deal Growth Dries Up
  • Google expects the restructuring to reduce overlapping mapmaking work across the Waze and Maps products.
  • In September, CEO Sundar Pichai said he wanted Google to become 20% more productive and indicated the company could merge teams working on overlapping products.
  • The report noted that activist hedge fund TCI Fund Management called on Alphabet to aggressively cut costs in November.
  • Waze, with 151 million monthly active users of its crowdsourced mapping service, also initiated to build an advertising business in recent years.
  • The report further added that Noam Bardin, the CEO who steered Waze through its sale to Google, left the company last year to start Post, a competitor to Twitter.
  • Christopher Phillips, a former music technology executive, leads the Geo organization that will oversee Waze. 
  • Price Action: GOOG shares traded higher by 0.42% at $95.55 in the premarket on the last check Thursday.
  • Photo Via Company

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