Alphabet-owned Verily cuts 15% workforce to simplify operating model

Alphabet-owned life sciences firm Verily is downsizing 15% of its workforce to simplify its operating model, according to a company blog post. The move comes just months after the company raised $1 billion.

The blog post, which contains the email sent by Chief Executive Stephen Gillert to all its employees, notes that the downsizing is part of the company’s One Verily program, which aims to reduce redundancy and simplify operational aspects within the company.

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Source:: Computerworld