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Search resuls for: "Stephen Gillett"


7 mentions found


☆ Alphabet's Verily lays off employees working in one of its science groups
  + stars: | 2024-03-22 | by ( Hugh Langley | ) www.businessinsider.com   time to read: +2 min
Verily, the life sciences group owned by Alphabet, laid off staff this week as part of a restructuring in its molecular sciences group, Business Insider has learned. Verily spokesperson Steven Cooper confirmed the cuts in an email to BI, stating that the affected employees worked on Verily's Immune Profiler project, which studies the human immune system for improving disease management. He declined to share the exact number of employees cut, but one source familiar with the situation said 35-40 people were affected. Verily is in the process of separating from Alphabet's infrastructure, part of a project named Flywheel that BI first reported on in 2021. It has set the end of 2024 as the deadline for detachment, a person familiar with the project told BI.
Persons: Verily, Steven Cooper, Cooper, Stephen Gillett, Andy Conrad, Amy Abernethy, Stat, Myoung Cha Organizations: Business, Apple Health
☆ Alphabet moonshots are ready for launch
  + stars: | 2023-08-29 | by ( Anita Ramaswamy | ) www.reuters.com   time to read: +4 min
Alphabet logo and AI Artificial Intelligence words are seen in this illustration taken, May 4, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNEW YORK, Aug 29 (Reuters Breakingviews) - Alphabet (GOOGL.O) is poised to welcome the autumn harvest. Verily boss Stephen Gillett told employees this month that it will cut its ties to several of Alphabet’s services next year. Such a financial services business strays from Alphabet’s wheelhouse, and with artificial intelligence demanding fresh attention, it’s wise to be prudent about capital allocation. Waymo, the autonomous vehicle technology business, secured a vote of approval this month from San Francisco to operate driverless rideshares in the city.
Persons: Dado Ruvic, Ruth Porat, Morgan Stanley, ”, Stephen Gillett, wheelhouse, Chris Hohn’s, Ford, Porat, Verily, Jeffrey Goldfarb, Aditya Sriwatsav Organizations: REUTERS, Reuters, Life Sciences, Wall Street Journal, Temasek, TCI Fund Investments, Google, Sciences, Wall, Thomson Locations: San Francisco
☆ Alphabet Unit Verily to Trim More Than 200 Jobs
  + stars: | 2023-01-12 | by ( Miles Kruppa | ) www.wsj.com   time to read: 1 min
Verily Life Sciences, a healthcare unit of Alphabet Inc., is laying off more than 200 employees as part of a broader reorganization, the first major staff reductions to hit Google’s parent following a wave of layoffs at other technology companies. The cuts will affect about 15% of roles at Verily, which will discontinue work on a medical software program called Verily Value Suite and several early-stage products, CEO Stephen Gillett said in an email to employees Wednesday. Verily has more than 1,600 employees.
☆ Alphabet to cut staff of health sciences unit Verily by 15%
  + stars: | 2023-01-11 | by ( Jennifer Elias | ) www.cnbc.com   time to read: +4 min
In an email to employees on Wednesday, Verily CEO Stephen Gillett said the company will lay off 15% of its staff in a restructuring move, as it strives for financial independence from parent company Alphabet . Verily, which specializes in health sciences, is one of Google's sister companies, operating within Alphabet’s "Other Bets" category. It's the first known layoff to hit the Google parent company following a wave of industry layoffs and fears of a recession. Gillett’s note stated that it will be "reducing or sunsetting" some parts of the business while increasing investment in others. Those who work out of the U.S. will hear from their business leaders on Wednesday or Thursday, the note stated.
☆ Alphabet's health science unit cuts over 200 jobs
  + stars: | 2023-01-11 | by ( ) www.reuters.com   time to read: +1 min
Jan 11 (Reuters) - Alphabet Inc's (GOOGL.O) health science unit, Verily Life Sciences, said on Wednesday it had laid off over 200 employees, or about 15% of its workforce, marking the first time in at least six years when Alphabet or its affiliate has announced job cuts. The move follows similar retrenchment exercises in corporate America, concentrated among technology firms and banks, as companies look to curtail spending in a tough economy. Verily, which was born out of the Google X research program in 2015, raised $1 billion from Alphabet in September last year. Access, an Alphabet unit that houses Google Fiber, laid off some employees in 2016. Reporting by Yuvraj Malik in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
☆ Alphabet Health Unit Founder Exits as Company Targets Commercial Uses
  + stars: | 2022-09-23 | by ( Miles Kruppa | ) www.wsj.com   time to read: 1 min
Andy Conrad, seen in 2014, will step down at CEO of Verily Life Sciences and become its executive chairman. Verily Life Sciences, a healthcare unit of Alphabet said founder and Chief Executive Officer Andy Conrad would be replaced in the top role, as the company attempts to find commercial uses for its wide-ranging project portfolio. Stephen Gillett, the current president of Verily, will succeed Mr. Conrad as CEO in January next year, with Mr. Conrad becoming executive chairman. Alphabet led a $1 billion round of new funding in the company with other investors, Verily said Friday in a statement announcing the leadership changes.
☆ In leaked memo, Google's controversial, visionary healthcare executive Andy Conrad lays out Verily's challenges and a path toward independence: 'I have drifted away from my true passion.'
  + stars: | 2022-09-09 | by ( Hugh Langley | ) www.businessinsider.com   time to read: +8 min
"Verily is increasingly becoming a more commercial-stage company," Conrad told employees. "I've come to realize that I have drifted away from my true passion — science," Conrad said in the memo. "So at the New Year I want to move away from running the company day to day to concentrate on projects for which I have a deep interest and can contribute in a meaningful way." Insider previously reported that Conrad had taken a step back from day-to-day responsibilities as Gillett had increasingly absorbed more leadership responsibilities. Conrad said the company would search for a new CFO "with a deep healthcare background for the next phase of our growth."
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