Alphabet Division X Cutting Dozens of Staff, Bloomberg Reports
22 Janvier 2024 - 5:32PM
Dow Jones News
--Alphabet's pioneering technology lab X is cutting staff and
looking for more outside funding, Bloomberg reports, citing people
familiar with the matter.
--X has increased talks with venture capitalists and other
investors about outside funding, the people said, and is looking to
create a structure to allow projects to easily spin out.
--Dozens of employees will be laid off as part of the
restructuring, with a focus on support staff, one of the people
said.
--Astro Teller, who leads X, told Bloomberg the division was
looking to collaborate with "a broader base of industry and
financial partners" as it looks to spin out more projects with
market-based funding.
Full article at
https://www.bloomberg.com/news/articles/2024-01-22/google-layoffs-saga-continues-as-alphabet-s-x-cuts-dozens-of-jobs-seeks-funds?srnd=premium&leadSource=uverify%20wall
Write to ben.glickman@wsj.com; @benglickman
(END) Dow Jones Newswires
January 22, 2024 11:17 ET (16:17 GMT)
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