Investors and industry watchers have been concerned about billions of dollars that have been poured into the self-driving technology sector in a short span of time to commercialize it. Companies, in general, have found that developing fully autonomous vehicles (AVs) that can go everywhere has proven harder and more expensive than expected, and prospects of a profitable robotaxi business likely remain several years away. The job cuts at Waymo are part of wider layoffs across the auto and tech industry, including at Rivian Automotive Inc, General Motors Co and Meta Platforms Inc. It has eliminated some engineering roles as part of the cuts to “focus on commercial success", the company said in a statement, according to Reuters. With the latest layoff, Waymo has fired 209 employees this year. In January also, Google CEO Sundar Pichai sacked 12,000 employees. Google parent Alphabet’s self-driving technology unit, Waymo, has laid off 137 employees, in its second round of job cuts this year, bringing total cuts for the year to 8 per cent of its workforce, according to news agency Reuters.
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