Alphabet Layoffs 20% of its Workforce Amid Global Macroeconomic Conditions

Google's parent company, Alphabet layoffs 20% of its workforce amid global macroeconomic conditions

The "Other Bets" branch of Google's parent firm, Alphabet, is the first to be affected as it joins other digital titans in laying off staff due to the macroeconomic climate. A team of employees from Open Robotics, a software development company, was reportedly bought by Alphabet's Intrinsic robot software company less than a month ago. Recently, Intrinsic reversed course and let go of 40 staff.

According to TechCrunch, Intrinsic will lay off 40 people, or 20% of the whole staff. A corporate spokeswoman was cited as stating, "Intrinsic's leadership has made the tough choice to let go of a few of our team members."

The spokesperson continued, "It will make sure Intrinsic can continue to devote resources to our highest priority initiatives, like developing our software and AI platform, integrating the recent strategic acquisitions of Vicarious and OSRC (commercial arm Open Robotics), and collaborating with key industry partners.

The job layoffs at Intrinsic come after Verily, the Alphabet-owned health-focused startup, recently revealed that 15% of its workers will be let go as part of a reorganization effort.

The Mayo Clinic, Swiss Re, Dexcom, L'Oreal, Otsuka, Highmark Health, iRhythm, Resmed, and Sosei-Heptares are just a few of the prestigious organizations with whom we have worked. "Due to canceled programs, we had to remove around 15% of Verily's positions. Assuring that these Veeps have the assistance they require to make their transitions easier is our top concern right now, according to CEO Stephen Gillett.

According to him, Verily, will consolidate its several business lines into a single, centralized product organization with more interconnected healthcare solutions. One significant tech business that has prohibited allowing employees to go on dates is Google. But in early 2023, it's anticipated that the search engine behemoth would take drastic measures to cut its workforce.

According to a report from The Information, about 6% of Google employees may be let go for "not making enough effect."

In Google's 2023 layoffs, up to 11,000 people might lose their employment.