Google new structure now named Alphabet
Google now under Alphabet
Google new structure now named Alphabet was announced Monday afternoon, Google is going through a major reorganization at the company, which will help them to grow even more. Started in 1998, Google, now employs over 400,000 people worldwide and the reorganization of the company will surely generate more opportunities and eventually make lives of many people better, which is a goal of Google founders.
In Monday’s press release Larry Page outlined the goal of Alphabet as:
Getting more ambitious things done. Taking the long-term view. Empowering great entrepreneurs and companies to flourish. Investing at the scale of the opportunities and resources we see. Improving transparency and oversight of what we’re doing. Making Google even better through greater focus. And hopefully, as a result of all this, improving lives of as many people as we can.
Alphabet is now a new parent company for Google and all of Google ventures. All of the branches of Alphabet will have their own CEO. Alphabet’s CEO is now Larry Page, formerly Google’s CEO, with Sergey Brin, Google’s co-founder, being president of Alphabet. Google will be parented by Alphabet and led by Sundar Pichai, it will include YouTube, Maps, Search Ads, Apps and Android as well as Technical Infrastructure. Some of the other branches of Alphabet will be Google Capital, Google Ventures, Sidewalk Labs, Google X, Fiber, Nest and Calico.
Alphabet is still Google and is owned and operated by same people. It is an infrastructure change to improve the company and have better clarity as to what and how each branch is doing and to be able to pour or withdraw resources as needed.
The new structure will be introduced over time of the coming months, however, some of the major changes have been confirmed by Larry Page, as we outlined above.
This of course is a major step for Google, a positive step that will allow them to flourish even more, which we all look forward to see and experience.
You can find more about Googles new structure now named Alphabet at Alphabet.