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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Alphabet Inc | NASDAQ:GOOG | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.14 | -0.08% | 171.02 | 170.91 | 171.10 | 4,691 | 11:34:21 |
From Nov 2023 to May 2024
--Alphabet's pioneering technology lab X is cutting staff and looking for more outside funding, Bloomberg reports, citing people familiar with the matter.
--X has increased talks with venture capitalists and other investors about outside funding, the people said, and is looking to create a structure to allow projects to easily spin out.
--Dozens of employees will be laid off as part of the restructuring, with a focus on support staff, one of the people said.
--Astro Teller, who leads X, told Bloomberg the division was looking to collaborate with "a broader base of industry and financial partners" as it looks to spin out more projects with market-based funding.
Full article at https://www.bloomberg.com/news/articles/2024-01-22/google-layoffs-saga-continues-as-alphabet-s-x-cuts-dozens-of-jobs-seeks-funds?srnd=premium&leadSource=uverify%20wall
Write to ben.glickman@wsj.com; @benglickman
(END) Dow Jones Newswires
January 22, 2024 11:17 ET (16:17 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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