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Cost-cutting actually cost Google parent Alphabet a pretty penny! Here's why tech giant lost $2 billion due to layoffs

According to Alphabet's earnings release, the reduction of workforce that the company announced in January 2023, resulted in employee severance and related charges of $2.0 billion in a span of six months ended June 30, 2023., Companies News, Times Now
Ruth Porat Alphabet Inc Wall Street Sundar Pichai Led Cities Lead Google Quarterly Results

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