How Google is harnessing AI to manage talent and cut costs—and what it means for consumers [Yahoo! Finance]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Source: Yahoo! Finance
A memo sent to Google finance staffers by Alphabet and Google CFO Ruth Porat and seen by CNBC said the restructuring will affect teams worldwide. “The tech sector is in the midst of a tremendous platform shift with Al,” Porat wrote. Google also plans to create “hubs” for centralized operations in Atlanta, Chicago, Mexico City, Bangalore, and Dublin. She ended the letter: "We are sad to say goodbye to some talented teammates and friends we care about, and we know this change is difficult.” A Google spokesperson told me via email that the firm is “responsibly investing in our company's biggest priorities and the significant opportunities ahead.” Google didn't confirm the amount of finance-related job cuts, with the spokesperson instead saying: “Throughout the second half of 2023 and into 2024, a number of our teams made changes to become more efficient and work better, remove layers and align their resources to their biggest product priorities.” But investing further into emerging
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GOOG
Earnings
- 4/25/24 - Beat
GOOG
Sec Filings
- 5/2/24 - Form PX14A6G
- 5/1/24 - Form 4
- 5/1/24 - Form 144
- GOOG's page on the SEC website