Google has been streamlining its workforce, with recent layoffs at its X moonshot lab, as revealed by an internal memo. The company is also shifting its strategy to seek outside funding for projects. CEO Sundar Pichai has stated that these measures are part of a broader plan to achieve 'durable cost savings' for 2024. The tech industry is facing a wave of layoffs, with a total of 10,000 jobs cut so far in 2024, as reported by an SF agency that tracks mass layoffs. eBay is the latest to announce job cuts, with 1,000 positions being eliminated, adding to the industry's challenges, which include Google's core ad business showing signs of strain.
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
🚨 @eBay to slash 1,000 jobs, scale back contracts The job cuts follow a wave of US #techlayoffs after the industry hired heavily during the pandemic, including among behemoths such as @Amazon and @Google. https://t.co/vKh3KlKhPL
Tech company layoffs surge in Bay Area with 1,000-plus additional cuts https://t.co/kVM4AzQhSJ
We visualize some of the bigger tech layoffs in the year so far, from video game software provider Unity to big tech bastion Google. https://t.co/ewX8XFSHdp via @visualcap
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
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
Amidst company-wide layoffs, Google CEO Sundar Pichai has laid out his 2024 goals in a leaked internal memo https://t.co/58l7ANc1ue
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
#Update: Today, tech companies reached 10,000 layoffs so far in 2024. -@Layoffsfyi
Google lays off “dozens” from X Labs, wants projects to seek outside funding https://t.co/uYRBwWCqrd
when a lot of companies lay off workers at once (this year in tech, or in SF's retail stores) it's harder for those people to get back on their feet an SF agency tracks all the mass layoffs in the city - we got 2023's full list, summing 10,000+ jobs: https://t.co/1RO4fPFtjM https://t.co/eJ41sylHum
Salesforce, Gap among top companies on San Francisco’s 2023 layoffs list https://t.co/VDnKKSzqnJ
Google cites ‘durable cost savings’ as 2024 goal as CEO Sundar Pichai warns of more layoffs https://t.co/Qcddr7uoNT https://t.co/9Y0gTZw1Ik
Google is cutting dozens of jobs at its X moonshot lab and turning to outside investors to help fund its projects https://t.co/GwkCweBnTk
An internal memo at Google shows what the company wants to do in 2024 https://t.co/S4Bv0OLmou