Alphabet Inc., the parent company of Google, is reducing its workforce at the X moonshot lab, known for its ambitious, futuristic projects, laying off “dozens” of employees. The company is seeking to shift the financial burden of these projects to outside investors amid heavy financial losses and increasing pressure from Wall Street. This strategy adjustment occurs as Google's core ad business is showing cracks. In a broader context of tech industry layoffs, companies like eBay have also announced significant job cuts, with over 1,000 additional layoffs in the Bay Area. Alphabet has also terminated its contract with Appen, a firm that trained Google's AI products, including the chatbot Bard and Search.
Google is terminating its contract with one third-party company that trains its search algorithm. The decision, which will affect around 2,000 contractors, comes a week after a study found that Google's search has gotten worse. https://t.co/M0kXaGmzbN
While AI-generated content is making Google's search results worse, the company has decided to cut thousands of workers dedicated to improving its search. https://t.co/Hui6lHxr6P
A look at some long-term issues facing the gaming industry, including deep layoffs, weak revenue growth, and declining VC investments (@ballmatthew / https://t.co/jklGfQfmnR) https://t.co/Vbn78bpJNp 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/6oiMqRT29N
Tech companies continue to announce layoffs, with eBay being the latest to join the list. https://t.co/k1HIJfZ0ym
Check out today's Daily Brief for the latest sci-tech news, including: Layoffs continue as eBay to slash 1,000 jobs Netflix’s rockstar year in gaming Fintech to create jobs in Northern Ireland ...and more! https://t.co/yE19uJAmzN
Tech layoffs 2024 live updates: Google, Amazon embark on fresh rounds of job cuts #Techlayoffs https://t.co/ATGGtPZCJH
Tech company layoffs surge in Bay Area with 1,000-plus additional cuts https://t.co/kVM4AzQhSJ
LISTEN NOW: More layoffs at Google — this time within X, its innovation lab responsible for moonshot projects. Listen and follow the @CNBCTechCheck podcast here: https://t.co/GkIlXbLjJr https://t.co/BFLWTPStps
NEW: Alphabet has cut all contractual ties with Appen, the firm that helped train Google's chatbot Bard & Search. The former AI darling had a star-studded client list (MSFT, META, AAPL, AMZN) but has struggled with client/exec departures & plummeting $$$. https://t.co/kkiZBgQzkY
The slow drip of layoffs at $GOOGL continues - this time, cutting at its moonshot factory X. It comes after years of pressure form Wall Street and heavy financial losses. And at a time when Google's cash cow - it's core ad business - is showing cracks. @dee_bosa reports https://t.co/vnRGBO3ex4
#FPTech: #Layoffs continue at #Google, people from its secret research lab #MoonshotX terminated https://t.co/8UKJgAA61T
Google's parent Alphabet is cutting dozens of jobs at its X moonshot lab and turning to outside investors to help fund its projects https://t.co/7emvCskROA
Google lays off “dozens” from X Labs, wants projects to seek outside funding https://t.co/uYRBwWCqrd