Alphabet's X Lab Restructures, Lays Off Staff and Seeks External Funding

The restructuring aims to facilitate the transition of projects into independent startups amid Alphabet's broader cost-cutting campaign.

Alphabet's X Lab, known for its 'moonshot' projects, is laying off dozens of employees, primarily support staff, as part of a restructuring effort.
The restructuring includes a shift towards external funding, with the lab engaging with venture capitalists and other investors to support its ventures.
The new structure aims to facilitate the transition of its projects into independent startups, a move spearheaded by Astro Teller, who leads the lab.
This move comes amid Alphabet's broader cost-cutting campaign and increased pressure to turn speculative projects into profitable businesses.
The layoffs and restructuring are part of Alphabet's ongoing efforts to emphasize lean teams and capital efficiency.