Google Fiber pulls back expansion plans; CEO to step down

GOOGLE FIBER IS hitting the pause button on the expansion of its fibre broadband network in the U.S., though installation will continue in cities where work has already started.In a blog post Tuesday, CEO Craig Barratt said that the company will “pause” its operations and offices in those cities where it’s been in exploratory discussions, which will result in some job losses. He also said that he is stepping aside from the CEO role, though will continue in an advisory capacity.“Now, just as any competitive business must, we have to continue not only to grow, but also stay ahead of...