Wednesday October 26, 2016

Google Fiber Pausing Expansion; CEO Stepping Aside, Layoffs Coming

This post on the Google Fiber Official Blog from CEO Craig Barratt says that not only is the company putting a halt on future expansion, it will also be "reducing its employee base" and he will personally be "stepping aside" as CEO. Damn, I guess hopes of getting Google Fiber in my area any time soon just went out the window.

For most of our "potential Fiber cities" those where we’ve been in exploratory discussions آ— we’re going to pause our operations and offices while we refine our approaches. We’re ever grateful to these cities for their ongoing partnership and patience, and we’re confident we’ll have an opportunity to resume our partnership discussions once we’ve advanced our technologies and solutions. In this handful of cities that are still in an exploratory stage, and in certain related areas of our supporting operations, we’ll be reducing our employee base. As for me personally, it’s been quite a journey over the past few years, taking a broad-based set of projects and initiatives and growing a focused business that is on a strong trajectory. And I’ve decided this is the right juncture to step aside from my CEO role. Larry has asked me to continue as an advisor, so I’ll still be around.