YouTube announces ‘voluntary exit program’ for US staff

YouTube is conducting a “voluntary exit program” with severance for US-based employees, the institution confirmed to TechCrunch connected Wednesday. The quality was archetypal reported by Sources.

YouTube CEO Neal Mohan told employees astir the programme via an interior memo connected Wednesday.

The memo besides announced that the Google-owned institution was reorganizing its merchandise teams into 3 abstracted organizations that each study straight to Mohan. The “Subscription Products” squad volition absorption connected YouTube’s subscription products crossed YouTube Music & Premium and OTT.

The “Viewer Products” squad volition absorption connected the spectator acquisition crossed the main YouTube app, YouTube Kids, Learning, Trust & Safety, and more. Last, the “Creator & Community Products” enactment volition absorption connected supporting creators and gathering community.

The institution says nary roles are being eliminated arsenic portion of these changes.

The determination comes arsenic Alphabet released its third-quarter earnings connected Wednesday, reporting that YouTube’s advertizing gross deed $10.26 cardinal successful the period, marking a 15% year-over-year increase.