Current:Home > BackGoogle lays off hundreds in hardware, voice assistant teams amid cost-cutting drive-LoTradeCoin
Google lays off hundreds in hardware, voice assistant teams amid cost-cutting drive
View Date:2024-12-23 19:06:35
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! (15347)
Related
- Kendall Jenner Is Back to Being a Brunette After Ditching Blonde Hair
- Dozens killed in Israeli strikes on Gaza overnight amid fears of widening conflict
- Maldives leader says his country’s small size isn’t a license to bully in apparent swipe at India
- French Foreign Minister visits Kyiv and pledges solidarity as Russia launches attacks
- Chet Holmgren injury update: Oklahoma City Thunder star suffers hip fracture
- Citigroup to cut 20,000 jobs by 2026 following latest financial losses
- U.S. launches another strike on Houthi rebels in Yemen
- Bills-Steelers playoff game moved to Monday amid forecast for dangerous winter weather
- Watch out, Temu: Amazon Haul, Amazon's new discount store, is coming for the holidays
- Virginia woman cancels hair appointment when she wins $2 million playing Powerball
Ranking
- Kentucky officer reprimanded for firing non-lethal rounds in 2020 protests under investigation again
- How Wealthy Corporations Use Investment Agreements to Extract Millions From Developing Countries
- Taiwan president-elect Lai Ching-te has steered the island toward democracy and away from China
- NPR quiz goes global: Test your knowledge of milestones and millstones in 2023
- Shawn Mendes quest for self-discovery is a quiet triumph: Best songs on 'Shawn' album
- Indonesia’s Mount Marapi erupts again, leading to evacuations but no reported casualties
- Top Western envoys review Ukraine peace formula to end Russia’s war as Zelenskyy plans Davos visit
- Chiefs-Dolphins could approach NFL record for coldest game. Bills-Steelers postponed due to snow
Recommendation
-
Chiefs block last-second field goal to save unbeaten record, beat Broncos
-
How long does a hangover last? Here's what you need to know.
-
See how people are trying to stay warm for Chiefs vs. Dolphins at frigid Arrowhead Stadium
-
As shutdown looms, congressional leaders ready stopgap bill to extend government funding to March
-
Black women notch historic Senate wins in an election year defined by potential firsts
-
Wildfire prevention and helping Maui recover from flames top the agenda for Hawaii lawmakers
-
NFL playoff winners, losers: Tua Tagovailoa, Dolphins put in deep freeze by Chiefs
-
2 Iranian journalists jailed for their reporting on Mahsa Amini’s death are released on bail