Current:Home > Contact-usGoogle lays off hundreds in hardware, voice assistant teams amid cost-cutting drive-Angel Dreamer Wealth Society D1 Reviews & Insights
Google lays off hundreds in hardware, voice assistant teams amid cost-cutting drive
View Date:2024-12-23 16:58:14
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! (34)
Related
- Dogecoin soars after Trump's Elon Musk announcement: What to know about the cryptocurrency
- Abilene Christian University football team involved in Texas bus crash, leaves 4 injured
- Most major retailers and grocers will be open on Labor Day. Costco and your bank will be closed
- Caitlin Clark is now clear ROY favorite over Angel Reese. Why? She's helping Fever win.
- Taylor Swift's Dad Scott Swift Photobombs Couples Pic With Travis Kelce
- After an Atlantic hurricane season pause, are the tropics starting to stir?
- Nick Saban cracks up College GameDay crew with profanity: 'Broke the internet'
- Murder on Music Row: Corrupt independent record chart might hold key to Nashville homicide
- Colorado police shot, kill mountain lion after animal roamed on school's campus
- Is Usha Vance’s Hindu identity an asset or a liability to the Trump-Vance campaign?
Ranking
- Former NFL coach Jack Del Rio charged with operating vehicle while intoxicated
- NASCAR Darlington summer 2024: Start time, TV, streaming, lineup for Cook Out Southern 500
- Are college football games on today? Time, TV, streaming for Week 1 Sunday schedule
- Is Usha Vance’s Hindu identity an asset or a liability to the Trump-Vance campaign?
- The Army’s answer to a lack of recruits is a prep course to boost low scores. It’s working
- Brad Pitt and Girlfriend Ines de Ramon Arrive in Style for Venice International Film Festival
- College football Week 1 grades: Minnesota fails after fireworks fiasco
- Here are the average Social Security benefits at retirement ages 62, 67, and 70
Recommendation
-
Vermont man is fit to stand trial over shooting of 3 Palestinian college students
-
Thousands to parade through Brooklyn in one of world’s largest Caribbean culture celebrations
-
Mets pitcher Sean Manaea finally set for free agent payday
-
Judge shields second border aid group from deeper questioning in Texas investigation
-
November 2024 full moon this week is a super moon and the beaver moon
-
Georgia vs. Clemson highlights: Catch up on all the big moments from the Bulldogs' rout
-
Murder on Music Row: Corrupt independent record chart might hold key to Nashville homicide
-
Illegal voting by noncitizens is rare, yet Republicans are making it a major issue this election