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Google cuts at least 100 jobs across fast-growing cloud unit, sources say - TL;DR CNBC

Google cuts at least 100 jobs across fast-growing cloud unit, sources say

Publishing timestamp: 2024-06-04 08:33:50


Summary

Alphabet is laying off employees from its cloud unit, including in sales and engineering, as Google cuts jobs across the company to prioritize artificial intelligence. The layoffs come as Google's cloud business is one of its fastest-growing, quadrupling operating income in the most recent quarter. Employees have complained about demands to work on tighter deadlines with fewer resources and diminished opportunities for advancement. CEO Sundar Pichai has promised fewer layoffs in the second half of 2024.


Sentiment: NEGATIVE

Tickers: GOOG,  AMZN,  MSFT,  GOOGL, 

Keywords: internet,  alphabet inc,  artificial intelligence,  amazon.com inc,  alphabet class c,  breaking news: technology,  cloud computing,  technology,  google,  business news, 

Source: https://www.cnbc.com/2024/06/03/google-cuts-at-least-100-jobs-across-cloud-unit-sources-say.html


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