Google CEO warns of more layoffs in 2024 amid artificial intelligence push

Google CEO Sundar Pichai is warning his employees to brace themselves for more layoffs this year as the company reallocates resources toward artificial intelligence.

Pichai, who is also CEO of Google's parent company Alphabet, told employees this month that the tech giant would "remove layers [of its workforce]" this year to free up funds for "investing in… [the company's] big priorities" in a memo sent to employees, a Google representative confirmed to CBS MoneyWatch.  

The cost cutting comes as the company jockeys for the lead in an AI arms race, with Google slated to announce its AI goals for the year later this week. Just last month, the tech giant launched Gemini, the "biggest upgrade yet" to its AI chatbot Bard.