- New York, USA
Verily, which specializes in health sciences, is one of Google’s sister companies and operates within the “Other bets” category. Alphabet,
This is the first known layoff to affect the parent company of Google After a wave of industry cuts and fears of a recession,
As CNBC reports, although Google has so far avoided the kind of sweeping job cuts affecting other tech companies like Meta, employees have grown concerned whether they could be next.
E-mail De Gillet instructed employees to work from home for the rest of the week, as Verrille’s physical offices will be closed on Thursday and Friday. “Those who are in the office today may now go home,” he said, adding that the directive also applies to employees who work from Google’s offices.
Some of Verily’s projects include a contact lens that can detect signs of diabetes, which was discontinued in 2018, and project baselineAn effort to collect health data with research organizations.
It also provided a COVID-19 testing platform, which former president trump stood out at the beginning of the epidemic.
some other bets of Alphabet include its own capital structure, CFO Ruth Porat explained in 2019, and is actually raising money from outside investors for many years,
In 2017, Verily received $800 million in outside capital from Singapore’s Temasek and has since raised over $2 billion in multiple equity rounds.
Gillett said the cuts reflect closed programs and “extravaganceThe team’s, according to the email, which was viewed by cnbc, It says it will offer compensation and rehabilitation services “in the coming weeks and months”, but has yet to provide details.
Gillett’s memo also describes various executive changes and departures. Jordi Paramonis the president of Verily’s appliance businesses, who has been with the company “since its inception”.
The memo said the company would notify terminated employees with an email titled “Important Update on Your Role” sent to Verily and to personal emails. Those who still have jobs will receive an email titled “Your Role at VerilyThose who operate outside the United States will hear from their business leaders on Wednesday or Thursday, according to the note.
“While email communication is not ideal, this was a deliberate decision that allowed us to communicate as efficiently and simultaneously as possible. We will also take steps today and the rest of the week to ensure that each affected VP has face-to-face Please meet with a leader and HR partner to discuss details, answer questions and provide support during the transition,” the note read.
“As we move into Verily’s next chapter, we are doubling down on our objective with the goal of serving all areas of precision healthcare,” the note said. “We will do this by building a database and evidence that bridges the gap between research and care. We will also focus on building a financially independent company and a thriving company culture.”