In a move to adopt a new structure, Google parent company Alphabet Inc. is reportedly planning to reduce its workforce in its innovation lab, known as X. The layoffs will primarily affect support staff, as the lab gears up to spin out its projects into independent businesses with the backing of Alphabet and external investors.

X, which was established in 2010 by Google co-founders Larry Page and Sergey Brin, serves as a diverse group of inventors and entrepreneurs focused on developing cutting-edge technologies to address the world's toughest challenges. Over the years, the lab has incubated numerous ambitious projects, with several successfully transitioning into standalone ventures.

According to Bloomberg, X has been engaging in discussions with venture capitalists and other investors to secure funding. This collaborative effort aims to accelerate the launch of projects and create a positive impact on society. As part of the lab's new structure, X will facilitate the quick transition of its initiatives into independent businesses, receiving support not only from Alphabet but also from external backers.

The exact number of support staff positions affected by the layoffs has not been disclosed. However, reports indicate that this move comes as Alphabet's Google announced its own job cuts, impacting hundreds of employees. These cost-cutting measures are in line with Google's ongoing focus on optimizing its operations.

Alphabet's decision to streamline X's workforce reflects a strategic shift as the company looks to enhance the efficiency and effectiveness of its innovation projects. By enabling projects to become independent businesses more swiftly, Alphabet aims to foster greater innovation and accelerate technology development for the betterment of society.

The new structure within X is anticipated to provide greater autonomy for projects, as well as access to the necessary resources and support from both Alphabet and external investors. As the transition progresses, X's diverse team of inventors and entrepreneurs will continue to pursue their mission of turning ambitious, sci-fi-inspired ideas into tangible solutions that can revolutionize the world.

In the ever-evolving landscape of technology and innovation, Alphabet's restructuring at X showcases the company's commitment to driving forward groundbreaking projects and ensuring their sustainability in the long run.