Google eliminates Nest's CEO role and tucks the once promising 'Other Bet' into another business group

  • Google has removed the CEO of its Nest unit, which makes internet-connected thermostats and other devices, and will fold the business into another team within the company.
  • The shakeup is the latest strategic overhaul at Nest, which Google acquired for $3.2 billion in 2014 and was once considered one of the flagship standalone companies under the Alphabet umbrella organization.
  • According to CNET, which first reported the news, the change at Nest came after Google received complaints from employees about Fawaz's leadership, which anonymous sources described as more of an "operations manager" than a leader.
  • The Nest team will be integrated into Google's home devices division under the leadership of Rishi Chandra, vice president of product management and general manager of home products.
  • It was only six months ago that Nest operated as a separate division within Google's parent company Alphabet.

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