Google Continues Restructure as Stock Price Comes Under Pressure
Google’s stock price (NASDAQ: GOOGL) has been under in recent months, with a 19.84% YTD decline more than 4x the S&P 500’s loss on the same period (-4.04%).
This comes as the company has also seen a 7.5% decline in it’s stock on Wednesday, as Apple’s intention to replace Google with search AI on it’s Safari browser hit sentiment. It was also said that search volume on Apple’s browser saw a first monthly decline, potentially putting in question Google’s core business of search.
Whilst not directly linked to the news with Apple, Google has also announced a reduction of approximately 200 positions from its global business unit. This decision is part of a strategic restructuring to better align with its focus on data center…
