https://financialpost.com/pmn/business-pmn/alphabets-waymo-cuts-more-than-100-jobs-in-second-round-of-layoffs Skip to Content Posthaste The Posthaste newsletter has all the breaking business news and market signals you need The Posthaste newsletter the business news you need Sign up now> Manage Print Subscription Sections Search Search financialpost.com [ ] Perform search Share Close Share this Story: Alphabet's Waymo cuts more than 100 jobs in second round of layoffs * Copy Link * [ico] Email * [ico] Facebook * [ico] Twitter * [ico] Reddit * [ico] LinkedIn * [ico] Tumblr Subscribe My Account Subscribe Search financialpost.com [ ] Perform search * News + Archives * Economy * Energy + Oil & Gas + Renewables + Electric Vehicles * Mining * Real Estate * Finance + Banking + Insurance + Fintech + Cryptocurrency * Work * Investor + Markets + Personal Finance o Family Finance o Retirement o Taxes o High Net Worth + MoneyWise Canada * FP Comment * MoneyWise Canada + Borrowing Money + Future Money + Growing Money * Newsletters * Executive Women * Business Essentials * The Logic * More + Innovation o The Funding Portal + FP Magazine o FP500 + Real Estate + Podcasts + Video + Information Technology + Small Business o Entrepreneur + Commodities o Agriculture o Mining + Shopping Essentials o Home Living o Style & Beauty o Kitchen & Dining o Personal Care o Entertainment & Hobbies o Gift Guide o Travel Guide + Sports Betting + Obituaries o Place a Notice + Classifieds o Place a Classifieds ad o Working + Advertise With Us * Profile * Settings * Manage My Subscriptions * Manage My Newsletters * Customer Service * FAQ * Sign Out * News * Economy * Energy * Mining * Real Estate * Finance * Work * Investor * FP Comment * MoneyWise Canada * Newsletters * Executive Women * Business Essentials * The Logic Advertisement 1 This advertisement has not loaded yet, but your article continues below. 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Next * Share via email * Facebook * Twitter * Share on Linkedin * Open more share options Close Share this Story: Alphabet's Waymo cuts more than 100 jobs in second round of layoffs + Copy Link + [ico] Email + [ico] Facebook + [ico] Twitter + [ico] Reddit + [ico] LinkedIn + [ico] Tumblr Breadcrumb Trail Links 1. PMN Technology 2. PMN Business Alphabet's Waymo cuts more than 100 jobs in second round of layoffs Author of the article: Reuters Reuters Published Mar 01, 2023 * 1 minute read Join the conversation Article content Alphabet Inc's self-driving technology unit, Waymo, laid off 137 employees, in its second round of job cuts this year, the firm told Reuters on Wednesday, bringing total cuts for the year to 8% of its workforce. We apologize, but this video has failed to load. Try refreshing your browser, or tap here to see other videos from our team. Alphabet's Waymo cuts more than 100 jobs in second round of layoffs Back to video Waymo has eliminated some engineering roles as part of the cuts to "focus on commercial success," the company said in a statement. The company has now cut a total of 209 jobs this year. Financial Post Top Stories Banner Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. Email Address [ ] * There was an error, please provide a valid email address. Sign Up By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 Thanks for signing up! A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Financial Post Top Stories will soon be in your inbox. We encountered an issue signing you up. Please try again Article content The job cuts at Waymo are part of wider layoffs across the auto and tech industry, including at Rivian Automotive Inc, General Motors Co and Meta Platforms Inc. Advertisement 2 Story continues below This advertisement has not loaded yet, but your article continues below. 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Create Account or View more offers If you are a Home delivery print subscriber, unlimited online access is included in your subscription. Activate your Online Access Now Article content Companies, in general, have found that developing fully autonomous vehicles (AVs) that can go everywhere has proven harder and more expensive than expected, and prospects of a profitable robotaxi business likely remain several years away. Investors and industry watchers have been concerned about billions of dollars that have been poured into the self-driving technology sector in a short span of time to commercialize it. Ford Motor Co and Volkswagen AG pulled the plug on self-driving unit Argo AI in November. General Motors Co burned through nearly $2 billion in 2022 at its robotaxi unit, Cruise, and said it anticipates spending even more this year. Activist investor TCI Fund Management said in November that Waymo is the biggest component of the Google-parent's Other Bets segment and it has not justified excessive investment. Alphabet said in January it would slash 12,000 jobs, which would affect a large number of employees who support experimental projects. Its health science unit, Verily Life Sciences, said in January it had laid off over 200 employees, or about 15% of its workforce. (Reporting by Akash Sriram in Bengaluru and Abhirup Roy in San Francisco, and David Shepardson; Editing by Shailesh Kuber, Shinjini Ganguli, Maju Samuel and Leslie Adler) Share this article in your social network * Share via email * Facebook * Twitter * Share on Linkedin * Open more share options Close Share this Story: Alphabet's Waymo cuts more than 100 jobs in second round of layoffs + Copy Link + [ico] Email + [ico] Facebook + [ico] Twitter + [ico] Reddit + [ico] LinkedIn + [ico] Tumblr Comments Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications--you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. 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