Current:Home > FinanceGoogle lays off hundreds in hardware, voice assistant teams amid cost-cutting drive -NextGenWealth
Google lays off hundreds in hardware, voice assistant teams amid cost-cutting drive
View
Date:2025-04-14 18:44:23
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! (7)
Related
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Son arrested in killing of father, stepmother and stepbrother
- Euphoric two years ago, US anti-abortion movement is now divided and worried as election nears
- Lizzo Unveils Before-and-After Look at Weight Loss Transformation
- $1 Frostys: Wendy's celebrates end of summer with sweet deal
- Teen Mom's Catelynn Lowell Slams Claims She Chose Husband Tyler Baltierra Over Daughter Carly
- Human remains in Kentucky positively identified as the Kentucky highway shooter
- Police arrest 15-year old for making social media threats against DC schools
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- David Beckham shares what Lionel Messi wanted the most from his move to MLS
Ranking
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Patriots coach Jerod Mayo backs Jacoby Brissett as starting quarterback
- Were warning signs ignored? Things to know about this week’s testimony on the Titan sub disaster
- Human remains in Kentucky positively identified as the Kentucky highway shooter
- 3 years after the NFL added a 17th game, the push for an 18th gets stronger
- Dan Evans, former Republican governor of Washington and US senator, dies at 98
- Anthony Joshua vs. Daniel Dubois live updates, undercard results, highlights
- Police saved a baby in New Hampshire from a fentanyl overdose, authorities say
Recommendation
Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial
Poll shows young men in the US are more at risk for gambling addiction than the general population
What to watch: Let's be bad with 'The Penguin' and 'Agatha All Along'
Alec Baldwin urges judge to stand by dismissal of involuntary manslaughter case in ‘Rust’ shooting
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
A Nevada Lithium Mine Nears Approval, Despite Threatening the Only Habitat of an Endangered Wildflower
National Queso Day 2024: Try new spicy queso at QDOBA and get freebies, deals at restaurants
Mississippi mayor says a Confederate monument is staying in storage during a lawsuit