Alphabet cuts moonshot staff

Alphabet Inc.'s lab X is laying off dozens of employees[1] and seeking outside investors for funding its ventures. The division is adopting a new structure[1] to spin out projects as independent startups, and is focusing on collaborating with a broader base of industry and financial partners[1]. The layoffs are focused on support staff[1]. Astro Teller, who leads the lab, wrote in an email that the new approach will allow X to focus on inventing breakthrough technologies to[1] solve pressing challenges.

[1] yahoo.com