Google will cut its workforce by several hundred employees in several divisions, such as the one that works on the voice assistant, as well as hardware and various internal software tools. The layoffs aren’t massive, but they speak volumes about Google’s need to cut costs.
Importantly, there are layoffs in the voice assistant division, and there are also layoffs in tech. TechCrunch also writes that two of Fitbit’s founders will also be leaving Google.
The hardware development teams for Pixel, Fitbit and Nest products will also be combined.
A Google representative spoke of the need to “responsibly invest in our highest priorities.”
Alphabet Group’s market capitalization is approximately $1.8 trillion. The peak was in October 2021: more than 1900 billion dollars.
In January, Alphabet announced the largest layoff in its history: 12,000 people, or 6% of employees.
The group has more than 180,000 employees worldwide.
Source: Reuters, TechCrunch
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Source: Hot News
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