Google extends voluntary buyout offers to employees in several countries
The search engine company began offering voluntary exit packages in June to employees in several countries.
Alphabet’s Google has extended voluntary buyout offers to select employees in Canada, France, Germany, Japan, and Switzerland in 2026. The company initiated the program in June, and the details of acceptance remain undisclosed. According to a Google spokesperson, the expanded voluntary exit programme was rolled out globally in June to support ongoing AI initiatives.
This move follows heavy AI spending, impacting Alphabet's stock price. In June, Microsoft also offered voluntary buyouts to 60,000 employees to curb costs. Google's workforce has expanded, yet the company has shifted resources to AI and cloud computing priorities. Employees in Google Cloud and DeepMind AI unit were previously ineligible for such offers.
In Switzerland, where Google operates 5,000 employees, the new program excluded DeepMind and began in August following the initial offers. Google provided severance packages equivalent to one month's salary per year of service, capped at 12 months.
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- Google extends voluntary buyout offers to employees in several countries amid heavy AI spending businesstimes.com.sg
- Google says it expanded voluntary exit buyouts in June to employees across Canada, France, Germany, Japan, and Switzerland to manage costs amid huge AI spending (Reuters) reuters.com
- Google extends voluntary buyout offers to employees in several countries indianexpress.com
