Google is under more pressure to make cuts amid industry layoffs. Here are the units it could target.
Still, the Chrome team could be due for a trim, Bernstein analysts wrote in a recent note. The firm cites roughly 500 people working on the product. The company could likely trim costs here with minimal impact on market share. Waymo's self-driving autonomous car.Nearly all of Alphabet's revenue and profits come from its massive search business, which many analysts have said might be one of the best businesses ever created.
The tone has changed as the search business slowed in growth. Alphabet's CFO Ruth Porat has since 2015 beat the drum of spending more strategically rather than throwing money at every idea its employees imagine. And today, the company has begun looking more closely at what Bernstein calls its"black hole" investments that have burned through billions of dollars with break-even nowhere in sight. of its workforce.
Another major bet that has served as a money pit is Waymo, its self-driving car unit that's existed for 14 years without yet producing much material revenue. Google's wireless and broadband internet products, Fi and Fiber respectively, are buried inside the company's"other bets." These investments are likely to produce near zero meaningful revenue, Bernstein analysts estimated.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Results from Google Podcasts app have been removed from Google SearchResults from the Google Podcasts app have stopped appearing in Google Search results, a move that is concerning for those who are loyal to the app.
Read more »
SpaceX is calmer while Elon Musk's focus is on Twitter: employeesSpaceX employees say they are relieved Elon Musk is focused on Twitter because there is a calmer work environment at the rocket company
Read more »
Twitter staff were sobbing in the bathroom over layoff fears: reportAnxious Twitter employees sobbed in the company's bathrooms the night Elon Musk's takeover went through as they feared for their jobs
Read more »
Wall Street 2023 predictions already wrong: recession, inflation, ChinaInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Here are Google's 12 AI power players taking on ChatGPTInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Amazon Prime US membership stopped growing for the first time everInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »