Google Fiber pauses expansion due to CEO stepping down
Google's parent company is beginning to adjust its operations. It has started to fire some of the staff in various cities. Now it could be a coincidence that the staff they are firing were in the same locations as to where they once hoped they will introduce Google Fiber to very soon, or it could be the reason.
Craig Barratt, the CEO of Access - a company under Google parent Alphabet, is reportedly stepping down. He was also the person in charge for the google fiber program which was incredibly expensive as it was.
He mentioned that further plans of putting Google Fiber on various metropolitan areas will be kept on hold. However, all the places where google fiber is already established, will remain the same.
Barratt was being very vague and subtle in his interview and so he did not answer the various questions that were being asked to him. But ABC News says that he withheld the number of employees laid off and mentioned how he is going to change and focus more on the business strategy as well as adding new kinds of technology in his plans.
US News mentioned things from a different perspective after they talked about how Larry Page, Alphabet CEO, had to cut down on costs and re-budget some things after goals were not met as planned.
One of the mentioned goals was getting five million people to sign up for Google Fiber, which of course did not go to plan. There could be other goals that have not been met yet, but information about them is hazy at the moment.
As of now, there are no updates on Google's future plans, but it is doubtful that they won't release any information before long.
