Current:Home > StocksGoogle lays off hundreds in hardware, voice assistant teams amid cost-cutting drive -FutureWise Finance
Google lays off hundreds in hardware, voice assistant teams amid cost-cutting drive
View
Date:2025-04-13 19:16:18
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! (5)
Related
- Current, future North Carolina governor’s challenge of power
- Seattle plastic surgery provider accused of posting fake positive reviews must pay $5M
- This small RI town is home to one of USA's oldest Independence Day celebrations
- After mass dolphin stranding, Cape Cod residents remain shaken
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Which flavor won Blue Bell's discontinued flavor tournament? Here's the scoop on the winner
- Car dealerships still struggling from impact of CDK cyberattack 2 weeks after hack
- Arkansas ends fiscal year with $698 million surplus, finance office says
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Eddie Murphy talks new 'Beverly Hills Cop' movie, Axel Foley's 'Everyman' charm
Ranking
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- When does 'The Bachelorette' start? Who is the new 'Bachelorette'? Season 21 cast, premiere date, more
- Michael J. Fox makes surprise appearance with Coldplay at Glastonbury Festival
- Jenna Bush Hager Says Her Son Hal, 4, Makes Fun of Her Big Nipples
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Concern mounts among lawmakers, donors over Biden's candidacy
- What happened in the Karen Read case? Timeline of key moments in John O'Keefe murder trial
- Usher and Janet Jackson headline 30th Essence Festival of Culture
Recommendation
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Migrants pause in the Amazon because getting to the US is harder. Most have no idea what lies ahead
Defending Wimbledon women's champion Marketa Vondrousova ousted in first round
The timeless fashion style of Carolyn Bessette Kennedy
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
New Mexico denies film incentive application on ‘Rust’ movie after fatal shooting by Alec Baldwin
First Heat Protection Standards for Workers Proposed by Biden Administration
Caitlin Clark, Angel Reese strengthen players' union seeking larger piece of financial pie