Alphabet's X Lab Layoffs: Restructuring and Seeking Outside Funding
Alphabet's X moonshot lab is undergoing a restructuring that includes laying off dozens of employees, mainly support staff, and aiming to spin out projects as independent startups with outside investor backing. The division, led by Astro Teller, is shifting its approach to focus on collaborating with a broader base of industry and financial partners, emphasizing lean teams and capital efficiency. This move comes as Alphabet seeks to turn ambitious ideas into profitable businesses while cutting costs across the board, following recent layoffs at Google and a greater emphasis on artificial intelligence.