YouTube is holding a “voluntary exit program” with severance for US-based employees, the company confirmed to TechCrunch on Wednesday. This news was first reported sources say,
YouTube CEO Neil Mohan informed employees about the program via an internal memo on Wednesday.
The memo also announced that the Google-owned company is reorganizing its product teams into three separate organizations that all report directly to Mohan. The “Subscription Products” team will focus on YouTube Music and YouTube’s subscription products across Premium and OTT.
The “Audience Products” team will focus on the audience experience across the core YouTube app, YouTube Kids, Learning, Trust and Safety, and more. Finally, the “Creator and Community Products” organization will focus on supporting creators and building community.
The company says that no roles are being eliminated as part of these changes.
The move comes after Alphabet released its third quarter earnings On Wednesday, reporting that YouTube’s advertising revenue reached $10.26 billion in the period, representing a 15% increase year-over-year.
