The layoffs come at a time when both Google and its rival Microsoft are investing heavily in generative artificial intelligence (AI) technology, spurred by the rising popularity of ChatGPT. The generative AI sector is expected to grow to $1.3 trillion in the next eight years. However, there are concerns about the impact of AI on job security, with 70% of consumers believing AI could replace some of their professional skills.
Key takeaways:
- Google is reportedly laying off hundreds of workers as part of its cost-cutting campaign, with cuts affecting its voice assistant business, and the hardware team behind its Pixel, Nest and Fitbit products.
- Fitbit co-founders James Park and Eric Friedman will also leave the company, and the majority of Google’s augmented reality team will lose their jobs.
- The layoffs come as Google and Microsoft are investing more in generative artificial intelligence (AI) technology, with the sector projected to grow to $1.3 trillion in the next eight years.
- Research has shown that many consumers are concerned about the impact of AI on job security, with 70% believing AI can replace at least some of their professional skill sets.