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This round of layoffs affects Google’s parent company, Alphabet’s lab known as X, and is being done in a bid to secure external funding.
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As part of the restructuring, X is laying off dozens of employees, according to one of the people with knowledge of the matter.
The lab is adopting a new structure thatll enable its projects to more easily spin out of X as independent startups with support from Alphabet and outside backers.
X seeks bold approaches to major challenges like climate change and connectivity, but its efforts have yielded few durable businesses thus far