Current:Home > FinanceGoogle lays off hundreds in hardware, voice assistant teams amid cost-cutting drive -MoneyBase
Google lays off hundreds in hardware, voice assistant teams amid cost-cutting drive
View
Date:2025-04-23 06:32:45
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! (43731)
Related
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- 'Footloose' at 40! Every song on the soundtrack, ranked (including that Kenny Loggins gem)
- Man who told estranged wife ‘If I can’t have them neither can you’ gets life for killing their kids
- A Liberian woman with a mysterious past dwells in limbo in 'Drift'
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Louisiana governor declares state of emergency due to police shortage
- Watch Live: Fulton County prosecutors decline to call Fani Willis to return for questioning
- After feud, Mike Epps and Shannon Sharpe meet in person: 'I showed him love'
- Don't let hackers fool you with a 'scam
- Don't Miss J.Crew’s Jewelry Sale with Chic Statement & Everyday Pieces, Starting at $6
Ranking
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Trump Media's merger with DWAC gets regulatory nod. Trump could get a stake worth $4 billion.
- There was an outcry about ‘practice babies’ on TikTok. It’s not as crazy as it sounds.
- NBA All-Star break power rankings with Finals predictions from Shaq, Barkley and Kenny Smith
- Senate begins final push to expand Social Security benefits for millions of people
- New York appeals court hears arguments over the fate of the state’s ethics panel
- Trump Media's merger with DWAC gets regulatory nod. Trump could get a stake worth $4 billion.
- Philadelphia traffic stop ends in gunfire; driver fatally wounded, officer injured
Recommendation
2 killed, 3 injured in shooting at makeshift club in Houston
Philadelphia traffic stop ends in gunfire; driver fatally wounded, officer injured
Brian Wilson's family speaks out on conservatorship filing amid 'major neurocognitive disorder'
Massachusetts man is found guilty of murder in the deaths of a police officer and elderly widow
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Legendary choreographer Fatima Robinson on moving through changes in dance
Hyundai recalls more than 90,000 Genesis vehicles due to fire risk
Pennsylvania high court takes up challenge to the state’s life-without-parole sentences