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Alphabet unit Verily to lay off 15% of staff

Jan. 12, 2023 7:30 AM ETAlphabet Inc. (GOOG), GOOGLPFEBy: Dulan Lokuwithana, SA News Editor2 Comments

Verily Life Sciences headquarters in Silicon Valley

Sundry Photography/iStock Editorial via Getty Images

Google parent company Alphabet's (NASDAQ:GOOG) (NASDAQ:GOOGL) healthcare venture Verily announced plans to cut 15% of its staff on Wednesday, marking the first layoffs to hit the tech giant amid a wave of

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Comments (2)

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SuperPac profile picture
This Alphabet unit should be shut down in entirety. Radical action on costs needed. Sell it or wind it down.
it's a shame to see this, but the culture gap in how healthcare approaches technology, vs how technology approaches healthcare is too wide.

moreover, I wonder if there's a broader headwind being anticipated from enterprise health systems (who likely would have been the target market for Verily) in the current inflationary environment, particularly with respect to rising nurse wages and plateau'ed (if not declining) margins
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