Get the latest tech news
Alphabet’s X lab revamps structure, embraces external funding amid layoffs
Alphabet's X lab, renowned for pioneering technology, is restructuring with significant layoffs and a new focus on external funding.
Alphabet’s X, a division of the company known for its groundbreaking technology projects, is undergoing significant changes, including staff layoffs and a shift toward external funding. As part of the restructuring, this decision aligns with Alphabet’s broader cost-cutting campaign and increased pressure to turn speculative bets into profitable businesses. Alphabet’s CFO Ruth Porat, known for her financial discipline, is taking on a new role overseeing a division that includes X, signaling a potential intensification of efforts to drive success in the lab’s ventures.
Or read this on ReadWrite