Alphabet’s Waymo cuts 8% of its workforce after a second round of layoffs this year
Alphabet said in January it would cut 12,000 jobs, affecting a large number of employees who support experimental projects.
Waymo, the self-driving technology unit of Alphabet Inc, laid off more employees in its second round of job cuts this year, bringing it to 8% or 209 of its workforce, the company told Reuters on Wednesday.
Investors and industry observers have been concerned about the billions of dollars that have poured into the self-driving technology sector in a short space of time to bring it to market.
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Rivian Automotive Inc, General Motors Co, and Meta Platforms Inc, among other US companies, have resorted to layoffs in an attempt to cut costs amid an expected recession.
Activist investor TCI Fund Management said in November that Waymo is the largest component of Google parent’s Other Gambling segment and has not justified excessive investment.
TCI had also said losses at the unit should be curbed.
Alphabet said in January it would cut 12,000 jobs, affecting a large number of employees who support experimental projects.
The health sciences unit of parent company Verily Life Sciences said in January that it had laid off more than 200 employees, or about 15% of its workforce.
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