Google ’s parent company , Alphabet Inc. , announce it ’s doing somerestructuringto merge Google Maps andWazeemployeesamid pressures to streamline the business and cut monetary value . The society has enunciate both single-valued function apps will keep on to function severally .
The merge will take essence on Friday , December 9 , and whileGooglehas say it does not have plans for layoffs , the move is expected to wobble Waze ’s 500 employees to Google ’s Geo organisation , which manages Google Maps , Google Earth , and Street View .
“ Google remain deeply committed to Waze ’s unequalled brand , its dear app , and its thriving residential area of volunteers and users , ” Waze ’s head of public relations , Caroline Bourdeau , toldThe wand .
Image: Justin Sullivan (Getty Images)
She added , “ By bring in the Waze team into Geo ’s portfolio of real - world mapping ware , like Google Maps , Google Earth , and Street View , the team will benefit from further increase proficient collaboration . ”
Alphabet , Inc. win Waze in 2013 for just over $ 1 billion , becoming the companionship ’s fourth - declamatory bargain at the time , harmonize to theSilicon Business Journal . Waze tout an estimated 150 million monthly users who actively use the mapping religious service and has worked to build up its advertising in recent years .
Waze continues to operate independently from Google Maps and will continue to do so , fit in to Alphabet , Inc. After acquiring Waze , Google did integrated some of the popular feature article into its own single-valued function serving . The feature include reporting nearby gas prices , speed traps , dealings slowdown qui vive , and adding full stop along your path .
Google ’s announcement to merge Google and Waze employees occur as Google CEO Sundar Pichai hasslowed the company ’s expansiondue in part to decreasing growth in advertising this year .
The company cover a revenue of nearly $ 69.1 billion in the third one-quarter this twelvemonth , up 6 % from 2021 . Its advertising revenue also farm by only 2.5 % compare to last yr ’s ontogeny of 41 % . In September , Pichai saidhe hoped to make Google 20 % more fertile and said he was considering unite teams to work on overlapping products .
In astatementaccompanying the growth effect , Pichai suppose , “ We ’re sharpening our stress on a clear set of product and business priorities . We are focused on both investing responsibly for the long term and being antiphonal to the economic environment . ”
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