"Alphabet's X Lab Seeks Funds, Lays Off Dozens of Workers"

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Source: Fox Business
"Alphabet's X Lab Seeks Funds, Lays Off Dozens of Workers"
Photo: Fox Business
TL;DR Summary

Google parent company Alphabet is restructuring its innovation lab, X, leading to job cuts for support staff as the lab aims to launch projects more quickly with outside funding. The transition will allow projects to become independent businesses faster, but the number of roles impacted has not been disclosed. This move follows Alphabet's recent layoffs at Google, including in the advertising-sales team, voice assistant unit, augmented reality hardware team, and central engineering team.

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