Is cloud computing service declining? Google plans to cut 100+ jobs in cloud computing.

According to a CNBC report on How to open a FXCM foreign exchange accountMonday, Alphabet's Google (NASDAQ: GOOGL) is laying off at least 100 employees from its cloud division.

The report states that internal communications show the layoffs include roles across multiple teams such as sales, operations, engineering, consulting, and market strategy.

A Google spokesperson said in an email statement to Reuters, "We continue to adjust our business to meet the priority needs of our customers and capture important opportunities ahead."

"We remain committed to investing in areas critical to our business to ensure our long-term success."

This news follows a previous round of layoffs in April by the California-based tech giant, which reduced an undisclosed number of employees across different teams to cut costs.

Additionally, Google laid off hundreds of employees in January as part of a series of layoffs across the tech and media industries due to economic uncertainties.

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.