In the first quarter of 2023, we expect to incur approximately $500 million of costs related to exiting

 In the first quarter of 2023, we expect to incur approximately $500 million of costs related to exiting

 leases to align our office space with our adjusted global headcount look,” Porat said. “We will continue to optimize our real estate footprint.”

It was not immediately clear exactly which leases the company is seeking to end. But as part of the real estate downsizing, Google will primarily exit space that it has yet to occupy, a company spokesperson said.

In recent days, Google has also revealed plans to eliminate 12,000 workers worldwide. Google has sketched out plans to cut an estimated 1,608 jobs in the Bay Area, including 1,436 in Mountain View, 119 in San Bruno and 53 in Palo Alto, according to a Jan. 20 layoff notice Google sent to state labor officials.

Despite the company’s flurry of efforts to reduce staffing, trim expenses and scale back its use of office space, the search giant’s efforts in downtown San Jose are proceeding.