tl;dr
Alphabet Inc.'s Google is implementing significant staff layoffs across its voice assistant, hardware, and engineering teams, accompanied by the departure of Fitbit Co-founders James Park and Eric Friedman. The company aims to curb costs, with reports indicating job cuts in its voice assistant, hard...
Alphabet Inc.'s Google is implementing significant staff layoffs across its voice assistant, hardware, and engineering teams, accompanied by the departure of Fitbit Co-founders James Park and Eric Friedman. The company aims to curb costs, with reports indicating job cuts in its voice assistant, hardware teams for Pixel, Nest, and Fitbit, as well as the augmented reality (AR) division. Key engineering roles are also affected. Google's acquisition of Fitbit in 2021 has not shielded the latter from workforce reductions, given the ongoing launch of Pixel Watch, an Apple competitor. Corporate spokespersons have not disclosed the extent of job loss or targets within the company's software and related departments. Google faces competition in AI from Microsoft and OpenAI, with plans to integrate generative AI features into its virtual assistant. This downsizing initiative follows Alphabet's announcement last year to eliminate around 12,000 positions and other minor adjustments in 2023.
GOOG increased 0.36% to $144.32 in premarket trading on January 11.
More about Alphabet Inc Class C
Alphabet Inc Class C is a technology conglomerate with a market capitalization of 1.77 trillion. The stock is currently trading at 27.31 with a 5.22% change. The stock has a Relative Strength Index (RSI) of 23.34, indicating oversold conditions. The stock is currently trading below its 50-day and 200-day moving averages, suggesting a bearish trend. Market sentiment is cautious, with potential risks including market volatility and regulatory challenges. It is important to note that past market behavior is not always indicative of future performance.
More about Apple Inc
Apple Inc. is the world's largest technology company by revenue, totaling $274.5 billion in 2020, and the most valuable company since January 2021. As of 2021, it is the world's fourth-largest PC vendor by unit sales and the fourth-largest smartphone manufacturer. The stock performance shows a market sentiment that is bullish, with a current price of $182.23 and a positive Relative Strength Index (RSI) of 0.135. However, there is a potential risk associated with a support level at $180 and a resistance level at $185, indicating a possible consolidation or pullback. It is important to note that past market behavior is not always a reliable indicator of future performance.
More about Microsoft Corporation
Microsoft Corporation is a leading American multinational technology company in the information technology industry, producing computer software, consumer electronics, personal computers, and related services. With a total revenue of $279.3 billion, the company has a strong market presence and is considered one of the Big Five companies in the U.S. information technology industry. The stock performance has shown a bullish trend with a current price of $411.05, and a positive Relative Strength Index (RSI) of 0.272, indicating strong market sentiment. However, potential risks and uncertainties should be considered, as past market behavior is not always a reliable indicator of future performance.
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