Google Google Fiber pauses operations, loses CEO and cuts 9% of workforce
October 26, 2016
Google Fiber will be halting its operations in 10 “potential Fiber cities” while it refines its approaches, according to a blog post by Craig Barratt, SVP of Alphabet and CEO of Access. In yesterday’s post, Barratt stated Google Fiber must make changes to focus on its business and product strategy, and look at new technology and deployment methods. Barratt also announced in the post that he will be stepping down from his position as CEO of Fiber, and taking on an advisory role. In response to these changes, the company will be trimming down its efforts, laying off or reassigning about 9% of its staff, according to Ars Technica.