Google’s life sciences sister company Verily announces layoffs, cuts devices program; Read memo

Alphabet’s life sciences and healthcare subsidiary — Verily has announced a major restructuring which includes layoffs along with complete elimination of its medical device program. According to a report by Business Insider, the company CEO Stephen Gillet, conveyed this decision to the staff via in internal memo. In the memo shared with employees Gillet acknowledged the gravity of the decision, writing, ’The path forward requires difficult decisions’. The CEO also praised the contributions of the Devices team, many of whom had spent decades in developing innovations such as the Dexcom G7 glucose monitor, retinal imaging tools, and clinical study wearables.