Google’s Moonshot Cuts 1/23/24
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 23 January 2024
⏱️ 15 minutes
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| 0:00.0 | More layoffs at Google, this time with an X, its Innovation Lab responsible for moonshot projects. |
| 0:06.1 | Today, what's inside that moonshot factory and what might actually become a business and why it's important for Google. It is Tuesday January 23rd. |
| 0:15.7 | Welcome to the Tech Check podcast. I'm Deirdrebosa with Mark Gilbert. Mark good morning. |
| 0:20.1 | When is the last time you had a crazy idea like replacing ocean freight with |
| 0:24.8 | cargo bluffs? That's a great question. Probably never. When did you last try and |
| 0:30.8 | solve humanity's biggest problems? |
| 0:33.2 | When did I last try to 10 X, humanity's biggest problems instead of just |
| 0:37.8 | solved them 10%? |
| 0:38.8 | Yeah, I mean, you know, probably a long time ago. |
| 0:41.2 | So yeah, that's the topic of, I mean, that's the topic of I mean that's the topic of |
| 0:44.0 | of X within Google and it's the topic of our podcast today. Google as we've been |
| 0:49.4 | talking about has been doing these rolling layoffs in many parts of the business. |
| 0:53.3 | We hear about a few hundred or a few dozen employees every few days. |
| 0:58.4 | The latest, right, is Alphabet is finally taking a hard look at its moonshot factory. |
| 1:04.1 | This is the part of the company known as X, an alphabet will now turn to outside investors |
| 1:09.0 | to help fund some of those projects, which is going to allow for easier spin-offs of those |
| 1:14.8 | you know X projects into separate companies and it's going to involve some layoffs. |
| 1:21.1 | Right and we will get into what exactly X is and the kind of projects we hinted at it at the top, but we'll get more |
| 1:27.7 | into that. |
| 1:28.7 | But first, I mean, like the financial implications of this. |
| 1:31.0 | This comes after years of pressure from Wall Street and very very heavy |
| 1:35.1 | financial losses. So the moonshots sit once they graduate from X they sit in |
... |
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