Google's Waze laying off 5% of workers, shuttering some offices – report


Waze, the navigation company owned by Google (GOOG, GOOGL), is laying off 5% of its global workforce and shutting down several offices as it refocuses on key markets, The Verge reports.

A company email says Waze will close offices in the Asia-Pacific and Latin America regions.

That comes amid a drop in navigation business amid the stay-at-home measures of the pandemic. Both monthly active users and kilometers driven have dropped.

Waze disclosed in April that customers drove 60% fewer miles in March than in February, with drops of 90% in Italy. But the figures got worse as the pandemic went on.

The company will “rethink priorities” and “focus our resources on product improvements for our users, accelerate our investments in technical infrastructure, and refocus our sales and marketing efforts on a small number of high-value countries,” CEO Noah Bardin says in the mail.





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