YouTube announces ‘voluntary exit program’ for US staff

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YouTube announced a voluntary exit program for U.S.-based employees with severance packages, as confirmed to TechCrunch on Wednesday. The company also reorganized its product teams into three separate organizations focusing on Subscription Products, Viewer Products, and Creator & Community Products, all reporting directly to CEO Neal Mohan. This restructuring follows Alphabet’s third-quarter earnings report, which showed a 15% year-over-year increase in YouTube’s advertising revenue to $10.26 billion. The company stated that no roles are being eliminated as part of these changes.
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