Google restructuring cloud business, cutting jobs

The jobs of a "small number" of employees in Google's cloud computing business have been eliminated as the segment undergoes an internal reorganization, The Wall Street Journal reports.

Though Google did not say how many employees were affected, an unnamed source close to the company told CNBC it was fewer than 50. Google is reportedly working with the affected workers to find new jobs within the company.

The restructuring is intended to "improve how we market, partner and engage with customers in every industry around the globe," a Google spokesperson said in a statement to CNBC.

The news broke just days after Google Cloud CEO Thomas Kurian outlined the company's new strategy to compete with industry leaders Amazon and Microsoft by specifically targeting the C-suite in the fields of retail, healthcare, financial services, media and entertainment, and manufacturing.

Parent company Alphabet also recently detailed Google Cloud earnings for the first time, reporting $8.9 billion in total revenues for 2019.

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