Google lays off staff at mapping app Waze amid consolidation (update)
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Update: Adds company statement.
Alphabet-owned Google (NASDAQ:GOOG) (NASDAQ:GOOGL) will cut jobs at mapping app Waze as it merges the unit with its own map products.
"In order to create a better, more seamless long term experience for Waze advertisers, we've begun transitioning Waze's existing advertising system to Google Ads technology," a company spokesperson told Seeking Alpha.
"As part of this update, we've reduced those roles focused on Waze Ads monetization and are providing employees with mobility resources and severance options in accordance with local requirements," the spokesperson added.
The company will wind down the current Waze Ads product and focus on building new Waze Ads powered by Google Ads. 
At present, the Waze unit has over 500 employees. The number of employees affected by the latest job cuts was not disclosed.
Google (GOOG) (GOOGL) acquired Waze for ~$1.3B in 2013. The company has been consolidating Waze with its Geo unit since December.
Earlier this year, Alphabet (GOOG) (GOOGL) said it would lay off 12,000 employees, or around 6% of its staff.
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