Google LLC said today it’s letting go a significant number of workers in what will be its second round of layoffs this year.

The layoffs will mostly affect the company’s financial and real estate departments, a report in Business Insider said. According to a Google spokesperson who later confirmed the report, the cuts are part of an ongoing restructuring initiative that will see some of the roles moved to growing hubs in Atlanta, Chicago, India, Ireland and Mexico.

“As we’ve said, we’re responsibly investing in our company’s biggest priorities and the significant opportunities ahead,” the spokesperson said. “To best position us for these opportunities, throughout the second half of 2023 and into 2024, a number of our teams made changes to become more efficient and work better, remove layers and align their resources to their biggest product priorities.”

Google didn’t confirm where exactly the cuts will be most keenly felt, but Business Insider said they’ll primarily impact the company’s treasury department, business services and revenue cash operations. Ruth Porat, Google’s president and chief investment officer as well as its chief financial officer, told employees via email that the restructuring would expand certain operations to hubs in Bangalore, Mexico City and Dublin.

Employees affected by the cuts will be invited to apply for other open positions within the company. It’s not clear exactly how many jobs will be cut in total, and it appears that no positions in California have been cut, as the state’s Employment Development Department has not received any official notice of forthcoming job cuts.

What is known for sure is that this is not the first major round of Google layoffs to take place this year. In January, the company announced plans to let go 702 workers in the Bay Area. That was quickly followed by the decision to cut an additional 100 jobs at Google’s YouTube division. That month, Google Chief Executive Sundar Pichai reportedly indicated that further job cuts would be coming later in the year.

In 2023, Google spent $1.8 billion on obligations relating to its real estate reductions, as remote work reduced its need for physical office space. The company marketed 1.4 million square feet of office space for sublease in the Silicon Valley area, and also put a major new project in San Jose on hold.

Photo: Shawn Collins/Flickr