Google cut a small number of roles in its Threat Intelligence Group and broader cloud division in the last two weeks, according to Business Insider. Google cited the need to reinvest in growth areas such as AI.
The exact number of affected employees was not immediately known. A Google spokesperson said the company 'regularly evaluate[s] our internal structures to ensure we are best positioned to meet the evolving demands of our customers and the industry.'
Alphabet shares fell 0.6% in early premarket trading on Friday. Retail sentiment for GOOGL shifted to 'extremely bullish' from 'bullish' on Stocktwits, with traders citing stake acquisitions by Berkshire Hathaway and ARK Investment Management.
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