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Google Labs Shut Down,: Latest Restructuring Move by CEO Larry Page (VIDEO)

RIP Google Labs. The search engine giant is shuttering its public access software development site in hopes of finding more efficient production methods.

 The move is a bit surprising since it seems to reverse Google’s long-standing policy of open-door experimentation by its own team and the public.

 The Labs, which existed to encourage users to explore new software and aid in its ongoing development, is being put on ice by Google CEO Larry Page, who recently also eliminated Google Health and Google Power Meter.

 Along with the introduction of a new social network—Google+—to compete with Facebook, Page is apparently purging services in an effort to streamline Google’s product development in all Internet markets.