Alphabet to cut staff of health sciences unit Verily by 15%
Publishing timestamp: 2023-01-11 21:18:08
Summary
Alphabet's health sciences unit, Verily, is cutting 15% of its workforce in a restructuring move to seek financial independence from its parent company Alphabet. This comes amid recession concerns and rapid hiring. The cuts will affect about 240 people and Verily will be discontinuing some early stage products. Verily will also be offering severance and outplacement services in the coming weeks and months.
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