🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Google to cut more jobs, shifts focus to OEM partnerships and Bard chatbot

EditorRachael Rajan
Published 12/01/2024, 12:54 am
© Reuters.
GOOGL
-

MOUNTAIN VIEW - Google has announced a new round of layoffs, particularly targeting its augmented reality hardware team and central engineering division. This move is part of the company's strategic shift towards an original equipment manufacturer (OEM) partnership model and the integration of its Bard chatbot technology into Google's Voice Assistant.

This announcement comes on the heels of substantial job cuts made last year, which were disclosed by CEO Sundar Pichai in January 2023, impacting approximately 12,000 employees. The Alphabet (NASDAQ:GOOGL) Workers Union has taken to social networks to voice their criticism of the layoffs, pointing out Google's robust financial performance in spite of the workforce reductions.

The tech giant's decision mirrors a broader trend within the tech industry, where other major players are also downsizing. Amazon (NASDAQ:AMZN), for instance, has made similar moves by reducing staff in its Prime Video department.

As Google navigates through these changes, the Alphabet Workers Union remains vocal in their opposition, underscoring the tension between corporate restructuring and employee job security in the evolving tech landscape.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.