Google-parent Alphabet lays off employees from robotics division

Google‘s parent company Alphabet is laying off employees amid global macroeconomic conditions. The job cut has affected 40 employees, or 20% of its total workforce, working in the company’s robot software firm Intrinsic.
As per a report in TechCrunch, the company’s “Other Bets” division is the first to be impacted in the technology conglomerate.
A company spokesperson told the publication that Intrinsic’s leadership has made a “difficult decision” to let go of a number of team members. “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 was quoted as saying.

Earlier this week, Verily – another Alphabet-owned company that focuses on health, announced that it laid off 15% of its workforce in a restructuring move.
“We have eliminated approximately 15% 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.
Crypto.com to reduce 20% of workforce
Meanwhile, Crypto lending exchange Crypto.com also announced that the company will reduce its global workforce by approximately 20% amid ongoing economic headwinds and unforeseeable industry events.
This is the second major layoff at the company. Last year, Crypto.com laid off about 260 employees, or 5% of its workforce.

“We grew ambitiously at the start of 2022, building on our incredible momentum and aligning with the trajectory of the broader industry. That trajectory changed rapidly with a confluence of negative economic developments,” Kris Marszalek, co-founder and CEO of Crypto.com, said in a blog post.
While the company did not delve out details about the departments affected by the layoff, it blamed the failure of FTX for the layoff.

iQoo 11: First look of ‘India’s fastest’ smartphone

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TechNewsBoy.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.