(Bloomberg) — Alphabet Inc.’s Google is implementing layoffs affecting hundreds of employees in its digital assistant, hardware, and engineering teams. This move is part of the company’s ongoing efforts to reduce costs and prioritize artificial intelligence.
Most Read from Bloomberg
The affected employees include those working on the voice-based Google Assistant and the augmented reality hardware team. The central engineering organization has also experienced cuts, according to the company.
These reductions come as Google’s core internet search business faces competition from AI offerings by rivals such as Microsoft Corp. and ChatGPT-creator OpenAI. In recent investor calls, Google executives have expressed their commitment to evaluating their operations and identifying areas where cuts can be made to allocate resources to their top priorities.
“Throughout the second half of 2023, a number of our teams have made changes to improve efficiency, align resources with our major product priorities,” a…
2024-01-11 19:10:09
Link from finance.yahoo.com
rnrn