Current:Home > MarketsGoogle lays off hundreds in hardware, voice assistant teams amid cost-cutting drive -Excel Wealth Summit
Google lays off hundreds in hardware, voice assistant teams amid cost-cutting drive
Rekubit View
Date:2025-04-10 16:45:55
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! (52)
Related
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Love Is Blind's Trevor Sova Sets the Record Straight on Off-Screen Girlfriend Claims
- Dollar Tree to shutter nearly 1,000 stores after dismal earnings report
- Former NFL coach Jon Gruden lands advisory role with football team in Italy
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Realtor.com adds climate change risk features; 40% of US homes show risks of heat, wind, air quality
- Last suspect sought in deadly bus shooting in Philadelphia, police say
- After 50 years, Tommy John surgery is evolving to increase success and sometimes speed return
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- India implements controversial citizenship law singling out Muslims, drawing accusations of polarization
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Race for Chicago-area prosecutor seat features tough-on-crime judge, lawyer with Democratic backing
- Vermont murder-for-hire case sees third suspect plead guilty
- Michael Strahan Surprises Daughter Isabella With Visit From Her Favorite Celebrity Amid Cancer Battle
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Suburban Seattle woman suspected of being kidnapped found dead in Mexico; suspect arrested
- Stock market today: Asian shares trade mixed as investors look to central banks
- Judge to hear arguments on whether to dismiss Trump’s classified documents prosecution
Recommendation
Taylor Swift makes surprise visit to Kansas City children’s hospital
Eugene Levy talks 'The Reluctant Traveler' Season 2, discovering family history
Author Mitch Albom, 9 other Americans rescued from Haiti: 'We were lucky to get out'
James Colon to retire as Los Angeles Opera music director after 2025-26 season, end 20-year tenure
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
Kemp signs Georgia law reviving prosecutor sanctions panel. Democrats fear it’s aimed at Fani Willis
Last suspect sought in deadly bus shooting in Philadelphia, police say
Student pilot tried to open Alaska Airlines plane cockpit multiple times mid-flight, complaint says