Craig Barratt, the head of Google’s broadband access company, is stepping down and the company is freezing plans to roll out high-speed broadband service to multiple cities, the company announced on Tuesday.
The move marks a significant setback for one of the company’s most ambitious projects.
Barratt suggested in his blog post announcing the news that there would be layoffs.
Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!
Business Insider Emails & Alerts
Site highlights each day to your inbox.