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Market Chatter: Google Conducts Extensive Layoffs in Cloud Unit
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Market Chatter: Google Conducts Extensive Layoffs in Cloud Unit
May 31, 2024 11:58 AM

02:31 PM EDT, 05/31/2024 (MT Newswires) -- Alphabet's (GOOG) Google ( GOOG ) made sweeping job cuts to its Cloud unit this week, Business Insider reported Friday, citing an internal document it reviewed and an employee that is familiar with the matter.

The total number of layoffs is not known at this time, but the employee estimated that roughly 100 workers in Cloud's "Go To Market" team in the Asia-Pacific region were cut, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 171.73, Change: -1.83, Percent Change: -1.05

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