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The technology titan, Alphabet Inc.’s Google (NASDAQ:GOOGL) (NASDAQ:GOOG), is making headlines with its decision to lay off hundreds of employees from its hardware and digital assistant teams. This move is part of a broad cost-cutting initiative within the company. What Happened: The layoffs chiefly affected employees associated with the voice-based Google Assistant and the augmented reality hardware team. The central engineering organization of the company also experienced cuts. This decision comes as Google’s primary search business faces growing competition from AI offerings of rivals Micro…

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