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Wednesday, 15 February 2017

Google Fiber has a new boss and is losing hundreds of employees (GOOG, GOOGL)


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Google Fiber lost its CEO last year.

Google Access, the division of Google's parent company Alphabet that includes Google Fiber, has hired a new leader, Gregory McCray, Bloomberg first reported.

Access is also losing "hundreds" of employees and moving them to positions within Google itself. It's unclear if anyone will lose their jobs over the move.

McCray was the CEO of Aereo communications before the new role at Alphabet.

The move comes several months after the former head of Access, Craig Barratt stepped down. The company also announced that it was halting plans to expand Google Fiber's service to more cities. Recently, there has been speculation that Alphabet will ultimately sell Google Fiber to another company.

McCray is also on the board of CenturyLink, a company The Information recently speculated could be a buyer for Google Fiber.

The Access division doesn't just focus on Google Fiber. It's also exploring other ways to deliver high-speed broadband wirelessly.

We've reached out to representatives from Access for comment.

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