Google's Waze laying off 5% of workers, shuttering some offices - report

Sep. 09, 2020 7:31 PM ETAlphabet Inc. (GOOG)GOOG, GOOGLBy: Jason Aycock, SA News Editor25 Comments
  • Waze, the navigation company owned by Google (GOOG, GOOGL), is laying off 5% of its global workforce and shutting down several offices as it refocuses on key markets, The Verge reports.
  • A company email says Waze will close offices in the Asia-Pacific and Latin America regions.
  • That comes amid a drop in navigation business amid the stay-at-home measures of the pandemic. Both monthly active users and kilometers driven have dropped.
  • Waze disclosed in April that customers drove 60% fewer miles in March than in February, with drops of 90% in Italy. But the figures got worse as the pandemic went on.
  • The company will "rethink priorities" and "focus our resources on product improvements for our users, accelerate our investments in technical infrastructure, and refocus our sales and marketing efforts on a small number of high-value countries," CEO Noah Bardin says in the mail.

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