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X Lab

All articles tagged with #x lab

technology2 years ago•2 min saved

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

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.

via Ars Technica|

#alphabet #google #layoffs

technology2 years ago•1 min saved

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

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.

via Fox Business|

#alphabet #google #innovation

technology2 years ago•3 min saved

Alphabet's X Lab Cuts Staff, Seeks Outside Investors

Alphabet's X lab, known for pioneering technology, is laying off staff and seeking outside investors to fund its ventures. The lab is restructuring to enable its projects to spin out as independent startups with support from Alphabet and outside backers. This move comes as X faces pressure to show profitable businesses from its speculative bets. Alphabet's CFO is moving into a new role to oversee X, and the lab is seeking venture capital, family offices, and other investors. This restructuring aims to focus on inventing breakthrough technologies to address pressing global challenges.

via Yahoo Finance|

#alphabet #innovation #layoffs