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The American “CNBC” network published Friday news that the “Alphabet” group, which owns Google, has temporarily halted the process of building a huge site in San Jose in Silicon Valley to reduce costs, after it achieved revenues and profits less than expected in the last three months of the year. the past. The parent company of the Internet giant, Google, announced early this year that it would cut about 12,000 jobs worldwide, justifying this with a challenging economic reality.
As part of its plan to cut costs, CNBC reported Friday that Google has temporarily halted the process of building a huge site in San Jose in Silicon Valley.
And the “Alphabet” group, which owns Google, announced early this year that it would cut about 12,000 jobs worldwide, justifying this with a challenging economic reality.
And “Alphabet” recorded lower revenues and profits than expected in the last three months of last year, while the difficult economic conditions lead to a decline in its advertising business.
A site in San Jose has been cleared for the Downtown West project, with construction expected to begin by the end of this year, according to a CNBC report. The report quoted people whose names were not disclosed that the project was temporarily suspended, without notifying the contractors about the date of its resumption. The “80-acre (32-hectare) site includes offices, residential units and public gardens,” according to CNBC.
The cut in Alphabet’s budget follows a massive hiring wave during the height of the COVID-19 pandemic by internet companies scrambling to meet the growing demand for their services during lockdowns.
On the other hand, the Google search engine found itself under pressure with the advent of Microsoft’s generative Chat GPT program, which interacts with humans and can produce all kinds of texts on demand.
France 24/AFP
