Alphabet, Google's parent company, has joined tech giants laying off employees amid global macroeconomic conditions, and the company's "Other Bets" division is the first to be impacted, the media reported.
Alphabet's robot software firm Intrinsic will be laying off 40 employees or 20 per cent of its total workforce, reports TechCrunch.
"Intrinsic's leadership has made the difficult decision to let go a number of our team members," a company spokesperson was quoted as saying.
"It will ensure Intrinsic can continue to allocate resources to our highest priority initiatives, such as building our software and AI platform, integrating the recent strategic acquisitions of Vicarious and OSRC (commercial arm Open Robotics), and working with key industry partners," the spokesperson added.
The job cuts at Intrinsic comes after Verily, the health-focused company under Alphabet, announced on Wednesday that it will lay off 15 per cent of its workforce in a restructuring move.
We've collaborated with distinguished healthcare and industry leaders including the Mayo Clinic, Swiss Re, Dexcom, L'Oreal, Otsuka, Highmark Health, iRhythm, Resmed and Sosei-Heptares, among many others.
"We have eliminated approximately 15 per cent of Verily roles due to discontinued programmes. Our most immediate priority is ensuring that these Veeps are given the support they need to ease their transitions," said CEO Stephen Gillett.
Verily will move from multiple lines of business to one centralised product organisation with increasingly connected healthcare solutions, he added.
Google is one big tech company that has avoided letting employees go to date. However, the search giant is expected to take harsh steps to reduce its headcount in early 2023.
Approximately 6 per cent of Google employees could be sacked over "not having enough impact," according to a report by The Information.
Google layoffs in 2023 could see as many as 11,000 employees lose their jobs.
--IANS
na/svn/
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app