Business
Google-owned navigation platform Waze lays off employees
San Francisco, June 28
Google is reportedly laying off employees from its navigation and mapping company Waze, as it aims to merge mapping products.
The tech giant is moving Waze over to Google's ads system which means there will be job cuts at Waze in "sales, marketing, operations and analytics," reports CNBC.
The report cited an email by Chris Phillips, VP and GM of Google's Geo unit, which read that the company hopes to "create a more scalable and optimised Waze Ads product".
Waze has more than 500 employees and it was not clear how many of those will lose jobs.
"We have decided to transition Waze's ads monetisation to be managed by the Global Business Organisation (GBO), similar to Google Maps," Phillips wrote in the email.
"Unfortunately, this will result in a reduction of Waze Ads monetisation-focused roles in sales, marketing, operations and analytics," the email noted.
Waze was acquired by Google for about $1.1 billion in 2013.
The Waze app, which has around 140 million active users, uses a crowdsourcing technique that allows it to determine the fastest driving route from one location to another, with the most recent traffic information.
In 2020, Waze had laid off 5 per cent of its global workforce, about 30 people, amid the pandemic.
Waze had shut several of its offices in the Asia-Pacific and Latin America regions as it sought to refocus its business on certain markets.
6 hours ago
Air India cancels multiple flights as Ethiopian volcanic ash drifts into Indian airspace
6 hours ago
India and EU discuss shared security challenges, early conclusion of defence partnership
6 hours ago
Netanyahu's office working on new date for visit, says Israeli PM has 'full confidence' in India's security under PM Modi
12 hours ago
After Hindu protest, global online retailer Shein removed Lord Ganesh blanket & doormat
13 hours ago
As Deol family battles grief, here's how Karan Deol fulfils final responsibilities for grandfather Dharmendra
13 hours ago
Juhi Chawla revisits her childhood obsession with Dharmendra’s classic ‘Sholay’
13 hours ago
Manoj Bajpayee talks about Nagaland and how its people are connected with nature
13 hours ago
Riteish Deshmukh shares how son Riaan helps him appreciate life’s simple joys
13 hours ago
Kareena Kapoor wishes ‘darling bro’ Armaan Jain on b’day: Can’t wait to celebrate soon
13 hours ago
Vijay Sethupathi welcomed on board the unit of Vetrimaaran's 'Arasan'
13 hours ago
President Murmu tells young IRS officers to uphold integrity, fairness
13 hours ago
Gujarat to hold padyatra in honour of Sardar Vallabhbhai Patel
13 hours ago
When Dharmendra brought the horrors - and bravery - of the 1962 war to all Indians' homes
