This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ5Q0XV_L.jpg
Google said in December that it will merge Waze and Google Maps teams to consolidate processes, making it a part of the Google Geo division, its portfolio of real-world mapping products that include Google Maps, Google Earth, and Street View.
The company is shifting its Waze strategy to include Google ads instead of using a separate ads system, resulting in layoffs, the CNBC report said, citing the email from Chris Phillips, who leads the Geo division.
Phillips said Google will notify advertisers and partners about the move on Wednesday.
Google, which acquired Waze for about $1.3 billion in 2013, did not immediately respond to a Reuters request for comment.
