Current:Home > MarketsGoogle lays off hundreds in hardware, voice assistant teams amid cost-cutting drive -FinanceAcademy
Google lays off hundreds in hardware, voice assistant teams amid cost-cutting drive
View
Date:2025-04-15 00:08:35
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! (41127)
Related
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Inside Clean Energy: Not a Great Election Year for Renewable Energy, but There’s Reason for Optimism
- And Just Like That's Costume Designers Share the Only Style Rule they Follow
- Finding Bright Spots in the Global Coral Reef Catastrophe
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Warming Trends: Climate Threats to Bears, Bugs and Bees, Plus a Giant Kite and an ER Surge
- Yeti recalls coolers and gear cases due to magnet ingestion hazard
- 39 Products To Make the Outdoors Enjoyable if You’re an Indoor Person
- Retirement planning: 3 crucial moves everyone should make before 2025
- Shop J.Crew’s Extra 50% Off Sale and Get a $100 Skirt for $16, a $230 Pair of Heels for $28, and More
Ranking
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Jennifer Lawrence Hilariously Claps Back at Liam Hemsworth Over Hunger Games Kissing Critique
- Florida community hopping with dozens of rabbits in need of rescue
- At Haunted Mansion premiere, Disney characters replace stars amid actors strike
- 2025 'Doomsday Clock': This is how close we are to self
- Michel Martin, NPR's longtime weekend voice, will co-host 'Morning Edition'
- 12-year-old girl charged in acid attack against 11-year-old at Detroit park
- Berta Cáceres’ Murder Shocked the World in 2016, But the Killing of Environmental Activists Continues
Recommendation
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Florida Judge Asked to Recognize the Legal Rights of Five Waterways Outside Orlando
How AI technology could be a game changer in fighting wildfires
Trains, Walking, Biking: Why Germany Needs to Look Beyond Cars
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
Moderna's COVID vaccine gambit: Hike the price, offer free doses for uninsured
As the US Pursues Clean Energy and the Climate Goals of the Paris Agreement, Communities Dependent on the Fossil Fuel Economy Look for a Just Transition
China is building six times more new coal plants than other countries, report finds