Internet search giant Google announced its largest layoff, saying it will cut 300 of DoubleClick's 1,200 employees, the online advertising company it acquired last month for $ 3.2 billion. Google said about a quarter of the company's employees will exit this week, and others will move into 'transitional positions' until the two companies are fully merged. Google also plans to sell a DoubleClick unit, Performics, which helps websites improve rankings on Google's search engine.
Wojcicki, 54, said in her blog post that she will focus on "family, health, and personal projects I'm passionate about." Wojcicki, who was previously a senior vice president for ad products at Google, became CEO of YouTube in 2014.
Google has admitted that it is lagging behind other industry players such as Apple and Microsoft in terms of the number of patents it holds.
Google faces mounting criticism on issues from copyright to click fraud. But the search giant isn't the only player in the industry with a dirty record.
Online Advertising has come of age as companies realise its potential. The online advertising market is expected to see phenomenal growth in the near future.
Adam Bain, the company's president and head of revenue, has emerged as an early favorite.
Chanda Kochhar is among the three Indians in Time's Most Influential list.
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