Google is taking steps to streamline its operations and reduce costs, resulting in significant layoffs across various departments. According to Reuters, the tech giant plans to cut positions in its voice assistant business, as well as hundreds more among the hardware team responsible for products such as Pixel, Nest, and Fitbit. In addition, Fitbit co-founders James Park and Eric Friedman will be leaving the company. Moreover, a large portion of Google’s augmented reality team is also set to lose their jobs, as reported.
A Google spokesperson stated that organizational changes were made to improve efficiency and align resources with the company’s main product priorities. These changes have resulted in role eliminations globally. This move comes as Amazon also announced layoffs in its Prime Video and Amazon MGM Studios division on the same day. Both companies have been actively reducing their workforce since 2022, with Amazon eliminating 27,000 positions and Google cutting 12,000.
While Google and Microsoft are investing in generative artificial intelligence (AI) technology, the timing of Google’s reorganization raises questions. The adoption of AI is expected to increase significantly in 2024 as businesses across industries seek new efficiencies. The generative AI sector is projected to reach $1.3 trillion in the next eight years, offering benefits such as improved productivity through optimizing legacy processes. However, concerns regarding the impact of AI on job security persist among consumers.
PYMNTS research indicates that 70% of consumers believe AI has the potential to replace some of their professional skill sets. Younger consumers, those earning over $100,000 per year, and office workers are particularly aware of this overlap. While AI presents opportunities for productivity gains, it also raises concerns about widespread job displacement. Consumers are increasingly worried about the implications of AI integration for their own livelihoods.
As businesses continue to adopt AI, it is crucial to address the potential risks and proactively seek solutions that balance efficiency with job security.
The source of the article is from the blog jomfruland.net