Tech giant Google has announced several cost-cutting measures across several divisions this year

Source Cryptopolitan

Technology giant Google has announced plans to undergo several cost-cutting measures, including ending its enterprise subscription to the Financial Times.

According to several sources, the media house is not the only one on the list, with the recent cuts reflecting broader efforts by the company to cut costs.

Google has been implementing several cost reductions across 2025, including the removal of 35% of managers who oversaw teams of at least three people.

“Right now, we have 35% fewer managers, with fewer direct reports” than at this time a year ago, said Brian Welle, vice president of people analytics and performance, according to audio of a meeting reviewed by CNBC. “So a lot of fast progress there.”

Google begins cost reduction measures

Google has also been offering voluntary exit programs across several divisions since January. Finance chief Anat Ashkenazi mentioned late last year that the company will continue to push for more cost cuts, a development that has remained unchanged despite Alphabet seeing a strong Q2 2025, with $496.4 billion in revenue.

These cuts may save thousands for Google, but they also come at a time when the company is facing strained relationships with publishers. According to August data from the trade association Digital Content Next, median referral traffic from Google Search to publishers dropped by 10% between May and June 2025, with non-new brands seeing a drop of 14%.

In a report submitted by SimilarWeb, major outlets, including Business Insider, CNN, and HuffPost, have seen sharper traffic drops of 30%, 40%, and 40%, respectively.

Publishers have attributed the drops to the company’s AI Overview feature, which has seen its click-throughs to external websites reduce from 56% to 69% since its launch, according to data from Pew Research. This spring, Pew mentioned that it analyzed data from 900 United States adults, with about six in ten seeing an AI-generated summary when they conducted at least a Google Search in March 2025.

Publishers criticize AI web crawling activities

As previously reported by Cryptopolitan earlier this month, Neil Vogel, the CEO of People, did not hold back in his criticism of Google. The CEO of the largest digital and print publisher in the United States called the tech company a “bad actor” and accused it of using the same bot to crawl websites for its search engine as it does to support its AI features.

“Google has one crawler, which means they use the same crawler for their search, where they still send us traffic, as they do for their AI products, where they steal our content,” said Vogel.

Vogel claimed that Google Search represented more than 65% of People’s traffic, but the number has since dropped to around 20%. He also shared an AdExchanger statistic, which claimed that as of several years ago, Google accounts for about 90% of the platform’s traffic from the open web.

“I’m not complaining. We’ve grown our audience. We’ve grown our revenue,” Vogel told conference attendees. “We’re doing great. What is not right about this is: You cannot take our content to compete with us.”

In a scathing op-ed written this summer, Digital Content Next CEO Jason King mentioned that Google’s AI overviews were creating what he described as a “zero-click” environment where all traffic dead ends at Google.

In his post, Kint claimed that it is not a call for special treatment, as he wants to preserve the integrity of the open web. “We must ensure that the same AI “answers” users see at the top of Google Search don’t become a free substitute for the original work they’re based on,” he said.

Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Faces Pressure Ahead of Fed Decision as Prices Extend Drop Below $4,000 As of the Asian session on October 23, gold prices (XAUUSD) continued Thursday's decline, dipping below the $4,000 mark during intraday trading to hit a low of $3,986.54. On Thursday, gol
Author  TradingKey
Oct 23, Fri
As of the Asian session on October 23, gold prices (XAUUSD) continued Thursday's decline, dipping below the $4,000 mark during intraday trading to hit a low of $3,986.54. On Thursday, gol
placeholder
Nasdaq closes at 26,008.86 — 8.9 points above 26,000, and the credit market never blinkedThe Nasdaq Composite fell 2.60% to 26,008.86 on October 22, its worst session since June, as Meta sank 6.98% on 2026 capex guidance of $135–145 billion. But the equal-weight S&P 500 rose 0.73%, high-yield credit was flat and 10-year yields fell 20 basis points. This was an AI de-rating, not a risk-off event — here is the transmission chain, the 29,000 / 28,200 levels and what would prove it wrong.
Author  Irene Q.
Oct 23, Fri
The Nasdaq Composite fell 2.60% to 26,008.86 on October 22, its worst session since June, as Meta sank 6.98% on 2026 capex guidance of $135–145 billion. But the equal-weight S&P 500 rose 0.73%, high-yield credit was flat and 10-year yields fell 20 basis points. This was an AI de-rating, not a risk-off event — here is the transmission chain, the 29,000 / 28,200 levels and what would prove it wrong.
placeholder
Brent tops $113 on Saudi supply risk — but the diesel line in the EIA report is the tellBrent's December contract settled at $113.17 on October 22, up 4.00% and the highest close since May 4, after Saudi Arabia restricted refined-product shipments. The same session's EIA report showed crude stocks down 3.06 million barrels and gasoline down 2.95 million — but distillates built 1.68 million. That single line decides whether $113 holds: here are the data, the 108.8 / 114.0 / 119.3 levels and the two scenarios.
Author  Irene Q.
Oct 23, Fri
Brent's December contract settled at $113.17 on October 22, up 4.00% and the highest close since May 4, after Saudi Arabia restricted refined-product shipments. The same session's EIA report showed crude stocks down 3.06 million barrels and gasoline down 2.95 million — but distillates built 1.68 million. That single line decides whether $113 holds: here are the data, the 108.8 / 114.0 / 119.3 levels and the two scenarios.
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 23, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 23, 2026. Read on for the details.
Author  Mitrade
Oct 23, Fri
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 23, 2026. Read on for the details.
placeholder
Gold falls to two‑month low below $4,050 as oil spikesGold price (XAU/USD) falls to the lowest in more than two months near $4,025 during the early Asian session on Friday. The precious metal faces some selling pressure as escalating tensions in the Middle East send oil surging ahead of a Federal Reserve (Fed) policy meeting.
Author  FXStreet
Oct 23, Fri
Gold price (XAU/USD) falls to the lowest in more than two months near $4,025 during the early Asian session on Friday. The precious metal faces some selling pressure as escalating tensions in the Middle East send oil surging ahead of a Federal Reserve (Fed) policy meeting.
goTop
quote