Last Update: April 22, 2023, 05:57 AM IST
The logo of Google LLC is seen at the Google Store Chelsea on January 20, 2023 in New York City, US. (Image: Reuters)
Google’s parent company Alphabet announced earlier this year that it would cut around 12,000 jobs globally, citing a challenging economic reality.
CNBC reported Friday that Google has paused construction of a massive campus in the Silicon Valley city of San Jose as it looks to rein in costs.
Google’s parent company Alphabet earlier this year announced about 12,000 job cuts globally, citing a challenging economic reality.
Alphabet reported lower-than-expected revenue and profit in the final three months of last year as tough economic times cooled its advertising business.
The Internet titan is scheduled to release its most recent quarterly earnings figures next week.
According to CNBC, a site in San Jose was approved for the Google “Downtown West” campus, with construction set to begin by the end of this year.
The report cited unnamed people as saying the project had been put on hold, with no word sent to contractors as to when it might resume.
An approved plan for the 80-acre (32 ha) complex includes office space, housing units and a public park, according to CNBC.
Follow a major hiring spree during the height of Alphabet’s budget cuts corona virus The pandemic has sent internet companies scrambling to meet demand as people go online for work, school and entertainment.
Tech’s big guns were spending more than ever before, analysts have said, seeing a recession on the horizon.
Google’s world-dominating search engine has found itself under pressure with the emergence of ChatGPT, a Microsoft-backed chatbot that can generate detailed, human-like content in seconds.
Microsoft is using the technology to strengthen Bing, which has long been a rival to Google Search.
Google recently began letting people in the United States and Britain test its AI chatbot, known as Bard, as it continues on its gradual path to catching up with Microsoft-backed ChatGPT.
Bard, ChatGPT and other similar artificial intelligence apps churn out essays, poetry or computing code on command and have taken the world by storm as the biggest new thing in tech since the advent of the iPhone.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)
