In a move aimed at cutting costs and restructuring the company, Google has reportedly terminated approximately 200 employees and transferred some jobs overseas. The job cuts primarily affected members of Google's "core" team, which focuses on the technical foundation of the company's flagship products and user safety.

According to internal documents reviewed by CNBC, at least 50 positions based at Google's headquarters in Sunnyvale, California, were affected by the cuts. It has been reported that Google plans to hire replacement workers in Mexico and India for these roles. The company has assured impacted employees that they can apply for other open positions within the company.

The restructuring plan, announced internally just before Google's impressive first-quarter earnings report, aims to align resources with the company's biggest product priorities while reducing bureaucracy and layers. Asim Husain, vice president of Google Developer Ecosystem, expressed that the restructuring efforts are "in service of our broader goals" in an email to staff members.

This is not the first time Google has implemented such significant job cuts. In 2023 alone, the tech giant laid off a staggering 12,000 employees as part of its initiative to achieve "durable cost savings." These cuts have continued into this year, including several hundred job cuts in the advertising sales division and over 1,000 cuts spread across other units, including hardware products like Pixel, Nest, and Fitbit.

Google's CEO, Sundar Pichai, has identified cost savings as a key objective as the company pours resources into developing generative artificial intelligence. The company's restructuring efforts also involve the establishment of "growth hubs" in India, Mexico, and Ireland, as announced by CFO Ruth Porat in April.

The recent job cuts and relocation efforts come as Google reported a blowout first-quarter earnings, leading to a surge in its stock value. The company announced its first-ever dividend and a $70 billion stock buyback, signaling its confidence in future growth and investment opportunities.

Although announcements of this nature may leave employees feeling uncertain or frustrated, Google has assured the impacted workers that it is providing outplacement services and severance offerings as required. The company aims to streamline its structures, giving employees more opportunities to work on innovative and essential advancements while aligning resources with its primary goals.

As Google continues to navigate the ever-evolving tech industry, these cost-cutting measures and restructuring efforts are aimed at positioning the company favorably for future growth and staying at the forefront of technological innovation.