Current:Home > FinanceGoogle lays off hundreds in hardware, voice assistant teams amid cost-cutting drive -NextWave Wealth Hub
Google lays off hundreds in hardware, voice assistant teams amid cost-cutting drive
View
Date:2025-04-24 15:26:49
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! (77)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Police union fears Honolulu department can’t recruit its way out of its staffing crisis
- Dan Hurley contract details as UConn coach signs new six-year, $50 million contract
- Landslide at unauthorized Indonesia goldmine kills at least 23 people, leaves dozens missing
- Stamford Road collision sends motorcyclist flying; driver arrested
- Rent inflation remains a pressure point for small businesses
- Bethenny Frankel Shares Message From Olivia Culpo Amid Ex Paul Bernon and Aurora Culpo Rumors
- Spain vs. France: What to know, how to watch UEFA Euro 2024 semifinal
- Sam Taylor
- Sparked by fireworks, New Jersey forest fire is 90% contained, authorities say
Ranking
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- AP PHOTOS: From the Caribbean to Texas, Hurricane Beryl leaves a trail of destruction
- Tour de France standings, results: Belgium's Jasper Philipsen prevails in Stage 10
- Behind Upper Midwest tribal spearfishing is a long and violent history of denied treaty rights
- Trump wants to turn the clock on daylight saving time
- Sparked by fireworks, New Jersey forest fire is 90% contained, authorities say
- Mississippi inmate gets 30 year-year sentence for sexual assault of prison employee
- Russian playwright, theater director sentenced to prison on terrorism charges
Recommendation
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Emma Watson Confirms New Romance With Oxford Classmate Kieran Brown
Kate Beckinsale Details 6-Week Hospital Stay While Addressing Body-Shamers
Teen dives onto shark and is bitten during lifeguard training camp in Florida
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Copa America 2024: Will Messi play in Argentina's semifinal vs. Canada? Here's the latest
As climate change alters lakes, tribes and conservationists fight for the future of spearfishing
Bethenny Frankel Shares Message From Olivia Culpo Amid Ex Paul Bernon and Aurora Culpo Rumors