Alphabet healthcare unit lays off 15% of staff

Verily, the healthcare unit of parent company Alphabet, is cutting more than 200 jobs, or about 15 percent of its staff, The Wall Street Journal first reported Jan. 11.

The company is stopping work on its software program called Verily Value Suite. Originally known as Google Life Sciences, the company has focused on digital health, including rolling out an online diabetes clinic and an online tool to connect research participants with studies.

In September, the company received $1 billion in funding from Alphabet.

"We are making changes that refine our strategy, prioritize our product portfolio and simplify our operating model," Verily CEO Stephen Gillett wrote in an email to employees. "We will advance fewer initiatives with greater resources."

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars