Current:Home > StocksGoogle lays off hundreds in hardware, voice assistant teams amid cost-cutting drive -TrueNorth Capital Hub
Google lays off hundreds in hardware, voice assistant teams amid cost-cutting drive
View
Date:2025-04-17 05:39:24
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.
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.
veryGood! (897)
Related
- Travis Hunter, the 2
- California bans all plastic shopping bags at store checkouts: When will it go into effect?
- Hayden Panettiere Addresses Concerns About Slurred Speech and Medication
- Kim Kardashian Reveals What's Helping Kids North West and Saint West Bond
- Global Warming Set the Stage for Los Angeles Fires
- You'll Be Sliving for Paris Hilton's Adorable New Video of Son Phoenix
- Man convicted of sending his son to rob and kill rapper PnB Rock gets 31 years to life
- Analysis: Verstappen shows his petty side when FIA foolishly punishes him for cursing
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- GOLDEN BLOCK SERVICES PTY LTD
Ranking
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Mack Brown apologizes for reaction after North Carolina's loss to James Madison
- Man fatally shot by police in Connecticut appeared to fire as officers neared, report says
- Man fatally shot by police in Connecticut appeared to fire as officers neared, report says
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Critics say lawmakers watered down California’s lemon car law after secret lobbyist negotiations
- Severe obesity is on the rise in the US
- Alleging Decades of Lies, California Sues ExxonMobil Over Plastic Pollution Crisis
Recommendation
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
Brie Garcia Shares Update on Sister Nikki Garcia Amid Artem Chigvintsev Divorce
Why Joey Graziadei Got Armpit Botox for Dancing With the Stars
Lady Gaga Reveals Surprising Person Who Set Her Up With Fiancé Michael Polansky
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Exclusive: Watch 'The Summit' learn they have 14 days to climb mountain for $1 million
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
Reggie Bush sues USC, NCAA and Pac-12 for unearned NIL compensation