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Google offers 'voluntary' buyouts to hardware and platform teams

1. Google offers buyouts in 'Platforms and Devices' ahead of expected layoffs. 2. The division accounts for over 25,000 employees focusing on various platforms. 3. Revenue from this unit grew 28% to $10.66 billion in Q3. 4. Cost-cutting measures prioritize artificial intelligence expansion for 2025. 5. Possible tariffs on hardware imports could increase operational costs.

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FAQ

Why Bullish?

Cost-cutting and revenue growth signify operational efficiency, positively influencing GOOG.

How important is it?

The article outlines significant changes in Google’s structure affecting overall operation.

Why Short Term?

The buyout initiative may lead to immediate restructuring effects on performance.

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