Current:Home > StocksGoogle lays off hundreds in hardware, voice assistant teams amid cost-cutting drive -Elevate Capital Network
Google lays off hundreds in hardware, voice assistant teams amid cost-cutting drive
View
Date:2025-04-13 20:34:39
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! (72)
Related
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Takeaways from The AP’s investigation into the Mormon church’s handling of sex abuse cases
- Jim Leyland elected to baseball’s Hall of Fame, becomes 23rd manager in Cooperstown
- This World Soil Day, take a look at the surprising science of soil
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- At UN climate talks, fossil fuel interests have hundreds of employees on hand
- Analysis: Emirati oil CEO leading UN COP28 climate summit lashes out as talks enter toughest stage
- Biden’s allies in Senate demand that Israel limit civilian deaths in Gaza as Congress debates US aid
- A steeplechase record at the 2024 Paris Olympics. Then a proposal. (He said yes.)
- 20 years after ‘Sideways,’ Paul Giamatti may finally land his first best actor Oscar nomination
Ranking
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Italian city of Bologna braces for collapse of leaning Garisenda Tower
- Sylvester Stallone returns to Philadelphia for inaugural 'Rocky Day': 'Keep punching!'
- Heavy snowfall hits New England and leaves thousands in the dark in Maine
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
- Man suspected of shoplifting stabs 2 security guards at Philadelphia store, killing 1
- Worried about running out of money in retirement? These tips can help
Recommendation
Michigan lawmaker who was arrested in June loses reelection bid in Republican primary
Israel-Hamas war combat resumes in Gaza as Israelis accuse the Palestinian group of violating cease-fire
Ohio State QB Kyle McCord enters NCAA transfer portal
Historian Evan Thomas on Justice Sandra Day O'Connor
Connie Chiume, South African 'Black Panther' actress, dies at 72
Florida State coach Mike Norvell, AD shred committee for College Football Playoff snub
Biden’s allies in Senate demand that Israel limit civilian deaths in Gaza as Congress debates US aid
Jim Harbaugh passes on encounter with Big Ten commissioner at trophy presentation