Alphabet’s life-sciences division Verily laying off 15% of staff: report

Alphabet’s life-sciences subsidiary Verily has laid off around 250 employees or 15% of its staff, according to a news report by The Information.

Verily, which specialises in health sciences, is one of Google’s sister companies.

This marks the first time in at least six years when Alphabet or its affiliate has announced job cuts.

In an email to staff Wednesday morning, CEO Stephen Gillett said the company would work on fewer products and was prioritising its “data and evidence” operations.

The company will also discontinue Verily Value Suite, a medical software programme, as well as some early-stage products, such as microneedles for drug delivery, Gillett said.

Some employees leading the programmes will be reassigned to other teams, while others will be leaving Verily, he added.

Discover the stories of your interest


“We will advance fewer initiatives with greater resources,” Verily said in a blog post.Hanaa Zied, a Verily employee, posted on LinkedIn that she had been laid off. “Unfortunately, I was impacted by the Verily #layoffs earlier today. After sitting with my feelings for a bit, I am very appreciative for so much over the past 6 years with #Verily,” Zeid wrote.

With this, Alphabet joins other tech companies that have slashed their workforces in view of “macroeconomic challenges” and recession fears.

Facebook-parent Meta recently laid off more than 11,000 employees, while Elon Musk fired nearly 3,500 employees globally after he took over Twitter.

Amazon CEO Andy Jassy last week announced the e-commerce giant would lay off more than 18,000 employees starting January 18. The layoffs, the company’s second such action in recent months, are likely to affect around 1,000 employees in India.

Alphabet may lay off around 10,000 employees in the coming months. According to a report by The Information, Google’s managers have been asked to analyse and rank “poor performing” employees

Alphabet currently employs around 1,87,000 employees.

Google will use a ranking system and the lowest-ranked employees are expected to be fired. The tech giant had last year announced it would be going slow on hiring in the fourth quarter (October-December).

Alphabet CEO Sundar Pichai had told his employees in an internal meeting that he “cannot promise layoffs were not coming”, according to a Business Insider report.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.