Alphabet's X Division Streamlines Operations, Cuts Jobs, Seeks External Funding
TL;DR Summary
Alphabet's X technology lab is cutting dozens of jobs and seeking external funding, following recent layoffs at Google. The division, led by Astro Teller, aims to collaborate with industry and financial partners for market-based funding as it looks to spin out more projects. This move comes as Google, like other Big Tech companies, grapples with overstaffing and a decline in advertising sales, with Alphabet set to announce its quarterly results on Jan. 30.
- Alphabet's X division shedding dozens of jobs: report MarketWatch
- Google Layoffs Saga Continues as Alphabet’s X Cuts Dozens of Jobs, Seeks Funds Bloomberg
- Google parent Alphabet laying off innovation lab workers Fox Business
- Alphabet restructuring X to allow for outside funding, results in layoffs 9to5Google
- Alphabet's X Lab Trims Staff, Turns to Outside Investors Newsmax
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