YouTube CEO Susan Wojcicki to step down

Susan Wojcicki, chief govt of the video streaming large YouTube, shall be stepping down from her function, the corporate mentioned Thursday.

“After nearly 25 years here, I’ve decided to step back from my role as the head of YouTube and start a new chapter focused on my family, health, and personal projects I’m passionate about,” Wojcicki wrote in a letter revealed on-line and despatched to staff.

In her farewell be aware, Wojcicki recounted a profession that started a quarter-century in the past when she joined Larry Page and Sergey Brin, two Stanford graduate college students, in constructing the corporate that may turn out to be Google. In 2006, Google acquired YouTube for $1.65 billion, and in 2014 Wojcicki — then an advert govt at Google — turned chief govt of the platform.

“Over the years, I’ve worn many hats and done so many things,” Wojcicki mentioned in her letter: “Managed marketing, co-created Google Image Search, led Google’s first Video and Book search, as well as early parts of AdSense’s creation, worked on the YouTube and DoubleClick acquisitions, served as SVP of Ads, and for the last nine years, the CEO of YouTube.”

Neal Mohan, whose LinkedIn presently lists him as YouTube’s chief product officer, will turn out to be the brand new head of YouTube, in response to Wojcicki. His title shall be SVP, or senior vp, fairly than chief govt.

Mohan “has set up a top-notch product and UX team, played pivotal roles in the launch of some of our biggest products, including YouTube TV, YouTube Music and Premium and Shorts, and has led our Trust and Safety team,” the letter reads.

Wojcicki’s departure comes at a second of reality for each Google and the broader tech ecosystem, which is floundering by means of a wave of layoffs and cost-cutting measures because it comes down from a pandemic excessive and navigates a troublesome macroeconomic panorama.

Google laid off 12,000 folks final month.