Current:Home > MarketsGoogle lays off hundreds in hardware, voice assistant teams amid cost-cutting drive -Trailblazer Wealth Guides
Google lays off hundreds in hardware, voice assistant teams amid cost-cutting drive
View
Date:2025-04-17 07:29:23
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! (13616)
Related
- A South Texas lawmaker’s 15
- Texas jury recommends the death penalty for man convicted of the fatal shooting of a state trooper
- Barcelona edges Osasuna in 1st game since coach Xavi announced decision to leave. Atletico also wins
- More than 200 staffers with Chicago Tribune and 6 other newsrooms begin 24-hour strike
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Man who killed 2 women near the Las Vegas Strip is sentenced to life in prison
- Nevada attorney general launches go-it-alone lawsuits against social media firms in state court
- Are you suddenly lactose intolerant? This is why.
- 'We're reborn!' Gazans express joy at returning home to north
- Justin Timberlake Wants to Apologize to “Absolutely F--king Nobody” Amid Britney Spears Backlash
Ranking
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- The pop culture hill I'll die on
- Mark Zuckerberg accused of having blood on his hands in fiery Senate hearing on internet child safety
- Parents of OnlyFans model charged with murder arrested on evidence-tampering charges: Report
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Massachusetts turns recreational plex into shelter for homeless families, including migrants
- Vancouver Canucks acquire Elias Lindholm from Calgary Flames
- Aircraft laser strike reports soar to record high in 2023, FAA says
Recommendation
2025 'Doomsday Clock': This is how close we are to self
Seahawks turn to Mike Macdonald, former Ravens defensive coordinator, as new head coach
Aircraft laser strike reports soar to record high in 2023, FAA says
OnlyFans Model Courtney Clenney’s Parents Arrested in Connection With Evidence Tampering in Murder Case
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Mark Zuckerberg accused of having blood on his hands in fiery Senate hearing on internet child safety
Federal Reserve holds its interest rate steady. Here's what that means.
More than 200 staffers with Chicago Tribune and 6 other newsrooms begin 24-hour strike