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Is cloud computing service declining? Google plans to cut 100+ jobs in cloud computing.

TraderKnows
TraderKnows
06-04

Cloud computing was a very popular trend a few years ago, but recently there have been reports that Google is laying off over a hundred employees in its cloud division.

According to a CNBC report on Monday, Alphabet's Google (NASDAQ: GOOGL) is laying off at least 100 employees from its cloud division.

The report states that internal communications show the layoffs include roles across multiple teams such as sales, operations, engineering, consulting, and market strategy.

A Google spokesperson said in an email statement to Reuters, "We continue to adjust our business to meet the priority needs of our customers and capture important opportunities ahead."

"We remain committed to investing in areas critical to our business to ensure our long-term success."

This news follows a previous round of layoffs in April by the California-based tech giant, which reduced an undisclosed number of employees across different teams to cut costs.

Additionally, Google laid off hundreds of employees in January as part of a series of layoffs across the tech and media industries due to economic uncertainties.

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