"Alphabet's X Lab Cuts Staff, Seeks External Funding Amid Layoffs"

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Source: Ars Technica
"Alphabet's X Lab Cuts Staff, Seeks External Funding Amid Layoffs"
Photo: Ars Technica
TL;DR Summary

Google's X Lab, known for experimental projects like self-driving cars and delivery drones, is facing layoffs as part of Alphabet's cost-cutting measures, with the company encouraging projects to seek outside venture capital for funding. This move aims to push X projects towards independence as fully-fledged companies, similar to Waymo and Verily, which have successfully raised outside funding and graduated from X Lab. The shift may lead to a more critical evaluation of projects but also offers opportunities for independence and growth.

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