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The Latest Breaking News from Alphabet

Google’s parent company Alphabet said on Friday it would cut 12,000 jobs globally, citing a changing “economic reality”, becoming the latest US tech giant to enact large-scale restructuring.

Bangkok Post

Google axes 12,000 jobs, layoffs spread across tech sector

“We hired for a different economic reality than the one we face today,” CEO Sundar Pichai said Friday in an email to staff that was also posted on the company’s news blog.

Chicago Sun-Times

Google owner Alphabet announces 12,000 job cuts as it follows Microsoft's cull of 10,000

Google has more than 5,000 employees in the UK

Wales Online

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Google Ireland job fears as firm to lay off 12,000 workers in latest blow to tech sector

It comes after other companies including Microsoft, Amazon and Meta recently announced plans to axe workers.

Irish Mirror

Google announce 12,000 global job cuts as concern raised for Dublin staff

The announcement comes amid uncertainty in the tech industry with many firms announcing job cuts

Dublin Live

Google parent firm Alphabet to cut 12,000 jobs worldwide

Company is latest large US tech player to announce sweeping job losses as global outlook weakens

The Guardian - UK

Google Parent to Lay Off 12,000 Workers

Alphabet Inc is eliminating 12,000 jobs, its chief executive said in a staff memo shared with Reuters. The cuts mark the latest to shake the technology sector and come days after rival Microsoft Corp said it would lay off 10,000 workers. The job losses affect teams across the company including…

Asharq Al-Awsat

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Google owner Alphabet to axe 12,000 jobs

The tech giant has almost 6,000 staff in the UK

Evening Standard

U.S. Will No Longer Require Animal Testing for New Drugs

Plus: From jokes to jail, Google urges SCOTUS to protect Section 230, and more...

Reason

Microsoft looks ready to go all-in on OpenAI. Should Google start worrying?

Talks of a $10 billion investment in the artificial intelligence startup signal Microsoft’s ambitions for a space currently led by Alphabet.

Fortune

Could Tesla's Stock Ever Again Enter The Trillion-Dollar Club?

Tesla was a trillion-dollar stock in April, but it has lost over half of its value since. The club currently only belongs to Apple, Microsoft, and Alphabet.

InsideEVs

Stock splits: What you need to know

Stock splits decrease share value in the short term but also increase the total number of shares.

Fortune

Google Rivals Join Forces in Online Maps

Google rivals on Thursday unveiled a project to make freely available data sets for map features to be built into online offerings. Alphabet-owned Google dominates online mapping, selling its services to other companies or platforms and using location and navigation capabilities to enhance its other offerings, including online advertising, AFP…

Asharq Al-Awsat

Fallen FAANGs, Nasdaq wipeout, value rally mark 2022 for tech stocks

Investors will remember 2022 as the year when the narrative around Big Tech finally cracked, ending a years-long stretch of powerful market leadership. Next year offers few signs of relief.

Tribune News Service

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Fortune

Why a top YouTube exec is defecting to an A.I. startup

Martin Kon, YouTube's CFO, will become the startup's COO in a sign of how hot language A.I. is becoming

Fortune

Big Tech sat out this year’s generative A.I. craze. Will it join the party in 2023?

Alphabet, Meta, and other tech titans are investing heavily in consumer-facing A.I., but the time hasn’t been right to go public.

Fortune

How partners at Google parent Alphabet’s growth fund CapitalG are tackling the downturn

As Google parent Alphabet cuts back on hiring, the growth fund says there have been “no material changes” to Alphabet’s VC allocation.

Salon

Google wants to digitize troops' samples

The tech giant seeks access to a priceless trove of veterans’ skin samples, tumor biopsies and organ slices

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Fortune

OpenAI’s ChatGPT could start a search engine revolution. Should Google be worried?

The momentous debut of a best-in-class chatbot brings the next chapter in search closer to reality.

Dynamite News

India's Envoy To US Hands Over Padma Bhushan To Sundar Pichai

On the eve of the 73rd Republic Day, the Ministry of Home Affairs stated that Sundar Pichai would be conferred with Padma Bhushan.Read on for details:

Fortune

Hedge fund manager at Rishi Sunak’s old workplace paid himself $1.9 million a day this year

His fund holds stakes in some of the world’s biggest companies.

The Guardian - UK

Major investor calls on Google owner to ‘aggressively’ cut staff and pay

Hedge fund owned by Christopher Hohn urges Alphabet to emulate cost-cutting measures of Silicon Valley rivals

The New Daily

Alan Kohler: Crypto and the end of the beginning

Will FTX’s collapse mean the end of crypto? Well, some of the 3000 or so cryptocurrencies, or at least it should.

Benzinga

Alphabet Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on Alphabet. Looking at options history for Alphabet (NASDAQ:GOOGL) we detected 11 strange trades.

Tribune News Service

Alphabet cut off workers from pay transparency data, union says

Alphabet Inc., Google’s parent company, illegally cut off contract workers’ access to a spreadsheet about pay transparency, a union alleged in a complaint to the National Labor Relations Board.

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Taranjit Singh Sandhu

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