YouTube is conducting a “voluntary exit program” with severance for U.S.-based employees, the company confirmed to TechCrunch on Wednesday. The news was first reported by Sources.
YouTube CEO Neal Mohan told employees about the program via an internal memo on Wednesday.
The memo also announced that the Google-owned company was reorganizing its product teams into three separate organizations that all report directly to Mohan. The “Subscription Products” team will focus on YouTube’s subscription products across YouTube Music & Premium and OTT.
The “Viewer Products” team will focus on the viewer experience across the main YouTube app, YouTube Kids, Learning, Trust & Safety, and more. Last, the “Creator & Community Products” organization will focus on supporting creators and building community.
The company says no roles are being eliminated as part of these changes.
The move comes as Alphabet released its third-quarter earnings on Wednesday, reporting that YouTube’s advertising revenue hit $10.26 billion in the period, marking a 15% year-over-year increase.
