Alphabet Inc’s self-driving know-how unit, Waymo, laid off 137 staff in its second spherical of layoffs in 2023, the agency informed Reuters on Wednesday.
Including the newest job cuts, the division has let go of 8% of its workforce, or 209 staff, this yr.
Investors and business watchers have been involved as to how billions of {dollars} have been poured within the self-driving know-how sector in a brief span of time to commercialize it.
Activist investor TCI Fund Management mentioned in November that Waymo is the most important element of the Google-parent’s Other Bets phase and it has not justified extreme funding, including that losses on the unit must be stemmed.
Alphabet mentioned in January it could slash 12,000 jobs, which can have an effect on numerous staff who assist experimental tasks.
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Source: economictimes.indiatimes.com