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Google earnings top expectations as AI battle heats up
Google's parent company, Alphabet, has reported a Q1 net profit of $15bn, beating market expectations despite a general slowdown in advertising spending. The results come after Google announced it would lay off 12,000 staff, or 6% of its workforce, as a result of over-hiring during the Covid-era boom.
Google's parent company, Alphabet, has reported a Q1 net profit of $15bn, beating market expectations despite a general slowdown in advertising spending. The results come after Google announced it would lay off 12,000 staff, or 6% of its workforce, as a result of over-hiring during the Covid-era boom. 
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