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Stockreport

Google Lays Off 200 Workers to Replace Them With Cheaper International Workers [Yahoo! Finance]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: Yahoo! Finance
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
As CNBC reports , the search giant laid off at least 200 people ahead of an April 25 quarterly earnings call that saw its parent company, Alphabet, report an uptick in sales and a 14 percent jump in share value, both of which outpaced analyst estimates. Tasked with building out the foundations of the company's products and helping keep users safe, the core unit umbrella oversees teams related to information technology, code development, infrastructure, and security. News of the layoffs comes after prior reports indicated that Google was cutting jobs to cut costs and restructure the business amid its AI efforts , with many of the eliminated American roles being replaced with identical jobs abroad. At least a quarter of the cuts took place at the company's Sunnyvale, California campus, impacting the engineering team there. According to internal documents viewed by CNBC , Google plans to hire for corresponding roles in Mexico and India. "We intend to maintain our current global [Read more]
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Stockreport

Google Lays Off 200 Workers to Replace Them With Cheaper International Workers [Yahoo! Finance]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: Yahoo! Finance
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
As CNBC reports , the search giant laid off at least 200 people ahead of an April 25 quarterly earnings call that saw its parent company, Alphabet, report an uptick in sales and a 14 percent jump in share value, both of which outpaced analyst estimates. Tasked with building out the foundations of the company's products and helping keep users safe, the core unit umbrella oversees teams related to information technology, code development, infrastructure, and security. News of the layoffs comes after prior reports indicated that Google was cutting jobs to cut costs and restructure the business amid its AI efforts , with many of the eliminated American roles being replaced with identical jobs abroad. At least a quarter of the cuts took place at the company's Sunnyvale, California campus, impacting the engineering team there. According to internal documents viewed by CNBC , Google plans to hire for corresponding roles in Mexico and India. "We intend to maintain our current global [Read more]
IMPACT SNAPSHOT
EVENT TIME:
GOOG
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Price Change
Price Change %
Volume Shares
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Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
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PRICE CHANGE PERCENTAGE
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%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS