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Verily, Alphabet’s underperforming life sciences division, has announced significant job cuts

By ET Bureau - January 12, 2023 1 Mins Read

Verily, Alphabet's underperforming life sciences division, has announced significant job cuts

The healthcare division of Alphabet Inc., Verily Life Sciences, has announced in an internal memo that it will lay off more than 200 employees, making it the first organization under the expansive parent company of Google LLC to do so.

Wall Street Journal reports that approximately 15% of Verily’s 1,600-person workforce will be affected by the job cuts. The company will also stop working on early-stage projects, including the Verily Value Suite medical software project, according to Verily Chief Executive Stephen Gillett in the email to employees.

Also Read: GP Strategies Agrees to Merge with Learning Technologies Group, Creating One of the World’s Largest Workforce Transformation Companies

Apart from Google, verily is one of Alphabet’s largest companies and a member of the group of companies referred to as “Other Bets.”

Read More: Alphabet’s unprofitable life sciences unit Verily announces big wave of job cuts

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