Alphabet Layoffs Good for Investors
More Alphabet layoffs are a sign that big tech companies are shedding nonprofitable efforts and focusing on their core businesses.
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More Alphabet layoffs are a sign that big tech companies are shedding nonprofitable efforts and focusing on their core businesses.
Alphabet's division for developing new technology is laying off dozens of workers as it turns to outside investors to help fund its projects, Bloomberg News reported on Monday, citing people with...
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.
The move comes days after Google said it would lay off hundreds of employees in its advertising sales team and its hardware, Voice Assistant and augmented reality teams amid its aggressive campaign to cut costs and improve efficiency.
Alphabet's division for developing new technology is laying off dozens of workers as it turns to outside investors to help fund its projects, Bloomberg News reported on Monday, citing people with knowledge of the matter.The division, X Lab, is switching to a structure that will enable its ventures to be m