Google lays off hundreds in hardware, voice assistant teams amid cost-cutting drive

2024-12-25 12:31:49 source:lotradecoin leverage trading explained category:Scams

Google has laid off hundreds of employees working on its hardware, voice assistance and engineering teams as part of cost-cutting measures.

The cuts come as Google looks towards “responsibly investing in our company’s biggest priorities and the significant opportunities ahead,” the company said in a statement.

“Some teams are continuing to make these kinds of organizational changes, which include some role eliminations globally,” it said.

Google earlier said it was eliminating a few hundred roles, with most of the impact on its augmented reality hardware team.

Read more Epic wins its antitrust lawsuit against the Play Store. What does this verdict mean for Google? Google settles $5 billion privacy lawsuit over tracking people using ‘incognito mode’ Google will pay $700M in antitrust settlement reached with states before recent Play Store trial loss

The cuts follow pledges by executives of Google and its parent company Alphabet to reduce costs. A year ago, Google said it would lay off 12,000 employees or around 6% of its workforce.

Google is not the only technology company cutting back. In the past year, Meta -- the parent company of Facebook -- has slashed more than 20,000 jobs to reassure investors. Meta’s stock price gained about 178% in 2023.

Spotify said in December that it was axing 17% of its global workforce, the music streaming service’s third round of layoffs in 2023 as it moved to slash costs and improve its profitability.

Earlier this week, Amazon laid off hundreds of employees in its Prime Video and studios units. It also will lay off about 500 employees who work on its livestreaming platform Twitch.

Amazon has cut thousands of jobs after a hiring surge during the pandemic. In March, Amazon announced that it planned to lay off 9,000 employees, on top of 18,000 employees it said that it would lay off in January 2023.

Google is currently locked in a fierce rivalry with Microsoft as both firms strive to lead in the artificial intelligence domain.

Microsoft has stepped up its artificial intelligence offerings to rival Google’s. In September introduced a Copilot feature that incorporates artificial intelligence into products like search engine Bing, browser Edge as well as Windows for its corporate customers.

More:Scams

Recommend

I loved to hate pop music, until Chappell Roan dragged me back

If there's one thing a lot of people know about me, it's that I do not like pop music.My husband aut

Erik Menendez’s Wife Tammi Menendez Shares Plea for His Release After Resentencing Decision

Erik Menendez’s wife is hopeful he’ll be home to celebrate his special day. Nearly two weeks after L

Democratic mayors in San Francisco and Oakland fight to keep their jobs on Election Day

Follow live: Updates from AP’s coverage of the presidential election. SAN FRANCISCO (AP) — Voters