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Home»AI»Google lays off thousands more employees despite record profits, one year after laying off 12,000 employees, employees are starting to worry they are being gradually replaced by AI
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Google lays off thousands more employees despite record profits, one year after laying off 12,000 employees, employees are starting to worry they are being gradually replaced by AI

5gantennas.orgBy 5gantennas.orgFebruary 19, 2024No Comments4 Mins Read
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Google has begun significant layoffs across various teams, including its voice assistant, hardware, engineering, and advertising sales teams, marking a continuation of the technology industry’s trend of cutting labor costs. The layoffs affected hundreds of employees within the voice assistant division. Hardware team responsible for Pixel, Nest, and Fitbit products. and a significant portion of the augmented reality (AR) team. The move is part of Google’s broader efforts to streamline operations and align resources with its most important product priorities.

According to The Verge, the number is in the thousands. This comes at a time when Google’s parent company, Alphabet Inc., reported record profits in late January. The company reported net income of $20.4 billion in the fourth quarter.

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The advertising sales team has made headcount reductions, particularly in the Large Customer Sales (LCS) division, which sells advertising to large enterprises. The reorganization is aimed at placing greater focus on the Google Customer Solutions (GCS) team that serves small business customers and marks a strategic shift in Google’s approach to ad sales.

The layoffs have raised widespread concerns among Google employees not only about job security, but also about the ethical implications of their work, especially as the company continues to invest heavily in advances in AI technology. Ta. There are growing concerns that the push for automation and AI will ultimately lead to further job displacement, exacerbating existing fears about layoffs.

Trending: This startup accepts investors for as little as 25 cents – What is the problem?

According to a recently leaked memo, Google’s top focus for 2024 is AI. Specifically, Google CEO Sundar Pichai’s complete list of his 2024 goals includes:

  1. Delivering the world’s most advanced, safe and responsible Al

  2. Improve knowledge, learning, creativity and productivity

  3. Build the most useful personal computing platforms and devices.

  4. Enabling organizations and developers to innovate with Google Cloud

  5. Delivering the world’s most trusted products and platforms

  6. Building a better Google for us and the world

  7. Increase your company’s speed, efficiency, and productivity to achieve lasting cost savings

Inc. said the situation has had a major impact on employee morale, with many employees feeling disillusioned with their future with the company. The layoffs and his strategic focus on AI development created a sense of cynicism and burnout among employees, further exacerbating the sense of fear among them. They will be replaced by the very technology they are helping to create.

Late last year, there were already concerns internally at Alphabet that AI would begin to replace employees. Futurism reported late last year that the tech giant had already begun the process of replacing some jobs with internally developed AI tools. But this is different from what Google’s senior vice president, Philip Schindler, said on a recent earnings call about recent restructuring and layoffs.

“I want to be clear that when we reorganize, there are always opportunities to serve our customers and grow more efficiently and smartly,” Schindler said. He went on to say, “We’re not restructuring because AI is taking over a key role here. But we’re not restructuring because AI is taking over a key role here. But we’re seeing AI-powered solutions that actually deliver incredible ROI at scale. We think there’s a huge opportunity and that’s why we’re taking some initiatives.” About those adjustments. ”

Google’s restructuring and layoffs reflect broader challenges facing the technology industry, as companies grapple with financial pressures and ethical considerations of AI and automation. The impact on employee morale and the potential for future job cuts highlight the delicate balance between innovation and the human costs of technological advances.

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This article comes a year after Google laid off 12,000 employees, and despite record profits, will lay off thousands more employees and expect AI to slowly replace them. Workers are starting to worry about this.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



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