Current:Home > InvestGoogle lays off hundreds in hardware, voice assistant teams amid cost-cutting drive -Insightful Finance Hub
Google lays off hundreds in hardware, voice assistant teams amid cost-cutting drive
View
Date:2025-04-14 23:24:09
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! (82357)
Related
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- 'Golden Bachelorette': Gil Ramirez's temporary restraining order revelation prompts show removal
- See Khloe Kardashian’s Delicious Chocolate Hair Transformation
- Dan Evans, former Republican governor of Washington and US senator, dies at 98
- The White House is cracking down on overdraft fees
- Matt Damon Shares Insight Into Family’s Major Adjustment After Daughter’s College Milestone
- Biden opens busy foreign policy stretch as anxious allies shift gaze to Trump, Harris
- Giant sinkholes in a South Dakota neighborhood make families fear for their safety
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Election 2024 Latest: Trump and Harris campaign for undecided voters with just 6 weeks left
Ranking
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Wisconsin Supreme Court agrees to decide whether Robert F. Kennedy Jr. stays on ballot
- California governor to sign a law to protect children from social media addiction
- GM recalls 450,000 pickups, SUVs including Escalades: See if your vehicle is on list
- Skins Game to make return to Thanksgiving week with a modern look
- Ex-Memphis police supervisor says there was ‘no need’ for officers to beat Tyre Nichols
- US stops hazardous waste shipments to Michigan from Ohio after court decision
- Best used cars under $10,000: Sedans for car shoppers on a budget
Recommendation
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
Martha Stewart says 'unfriendly' Ina Garten stopped talking to her when she went to prison
The latest: Kentucky sheriff faces murder charge over courthouse killing of judge
‘Ticking time bomb’: Those who raised suspicions about Trump suspect question if enough was done
Taylor Swift makes surprise visit to Kansas City children’s hospital
Gunfire outside a high school football game injures one and prompts a stadium evacuation
Jessie Bates ready to trash talk Travis Kelce Sunday night using Taylor Swift
Lizzo Responds to Ozempic Allegations After Debuting Weight Loss Transformation