Core Insights - YouTube is implementing a global Voluntary Exit Program to offer severance packages to employees [2] - The company is undergoing a significant restructuring of its product teams, consolidating them into three independent departments [2] Group 1: Voluntary Exit Program - YouTube announced a Voluntary Exit Program aimed at providing severance compensation to employees [2] - The initiative is part of a broader strategy to streamline operations and improve efficiency [2] Group 2: Product Team Restructuring - The restructuring will create three distinct departments that report directly to CEO Neal Mohan [2] - The Subscription Products team will focus on services like YouTube Music, YouTube Premium, and OTT offerings [2] - The Viewer Products team will manage the main YouTube app, YouTube Kids, educational features, and trust and safety initiatives [2] - The Creator & Community Products department will support content creators and enhance community engagement [2]