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- Google expands voluntary buyouts to 5 countries as AI spending fuels cost cuts
Google is extending its buyout program to selected workers in five additional countries as the company looks for ways to control expenses while pouring money into artificial intelligence programs.The company told Reuters that select workers in Canada, France, Germany, Japan and Switzerland were offered buyouts beginning in June, although the number of employees who accepted was unclear.FOX Business has reached out to Google for comment."In 2025, some of our teams introduced a voluntary exit program with severance," a Google spokesperson said in a statement to Reuters. "This past summer, in June, we expanded this program globally in a few countries to support our important work ahead."GOOGLE PARENT ALPHABET SUFFERS NEARLY $500B WALL STREET WIPEOUT AMID AI SPENDING FEARSThe buyouts come as Google’s heavy AI spending has worried investors and weighed on parent company Alphabet’s stock price.Alphabet’s workforce has continued to grow in recent quarters, but it wants to reallocate resources toward areas it views as higher priorities.While the company has continued to prioritize hiring in AI and cloud computing, its voluntary buyout programs suggest an effort to move resources away from areas considered less vital to its future strategy.The latest round builds on similar incentives Google introduced last year for workers in select teams in the U.S. and Britain. Company leaders said the program gives employees who are uncomfortable with Google’s future direction an opportunity to leave with severance.At least one division at the search engine company later moved to involuntary job cuts after first offering workers buyouts.On recent earnings calls, Google Chief Financial Officer Anat Ashkenazi said the company would continue adding workers in AI and cloud, which she described as key areas for investment and growth."We also expect to continue hiring in key investment areas such as AI and Cloud, and we are investing in marketing to support our AI products," Ashkenazi said on the company's July 22 earnings call.Earlier buyout programs did not extend to employees working in Google’s cloud business or its DeepMind AI research unit.In Switzerland, Google announced the exit packages in mid-June and notified applicants of its decisions by mid-July, three people familiar with the matter told Reuters. Employees who accepted the offer received one month of pay for every year they had worked at Google, with total severance capped at 12 months.GOOGLE PARTNERS WITH VETERANS GROUPS TO HELP 25,000 ENTER SKILLED TRADES CAREERS AMID WORKER SHORTAGEGET FOX BUSINESS ON THE GO BY CLICKING… [TheTopNews] Read More.2 hours ago - Breakfast food giant makes major change to iconic cereal’s recipeKellogg's is changing the recipe for its iconic Rice Krispies cereal in the United Kingdom, replacing whole rice grains with rice flour as weather-related disruptions affect ingredient supplies.Kellanova, the company responsible for Kellogg's cereal brands outside North America, has also reformulated its Coco Pops — aka Cocoa Krispies in the U.S. — replacing whole rice grains with a combination of rice flour and corn flour, according to British grocery publication The Grocer.The changes will not affect Rice Krispies sold in the United States or Canada, WK Kellogg Co. confirmed to FOX Business.KELLOGG REMOVING ARTIFICIAL COLORS FROM FROOT LOOPS, APPLE JACKS A YEAR AHEAD OF SCHEDULE"Kellogg’s Rice Krispies cereals sold in the U.S. and Canada are not impacted by the recently reported recipe changes to Kellogg’s Rice Krispies and Kellogg’s Coco Pops cereals in the UK," a spokesperson for the company said in a statement.WK Kellogg Co. said its Rice Krispies, Cocoa Krispies and Frosted Krispies cereals sold in North America will continue to be made with real rice, with no changes to their ingredients or recipes.The two businesses separated in 2023, when the former Kellogg Company split into Kellanova and WK Kellogg Co. Mars acquired Kellanova in December 2025, while Ferrero acquired WK Kellogg Co. in September 2025.Kellanova said the reformulation is intended to maintain consistent product quality as changing weather conditions affect the availability and quality of certain grains.GENERAL MILLS DITCHES ARTIFICIAL COLORS IN LUCKY CHARMS, TRIXThe updated U.K. recipes also contain wheat gluten, making the cereals unsuitable for consumers with wheat allergies or celiac disease.The company said the cereals continue to meet British nutritional standards for fat, salt and sugar, while retaining their previous levels of fiber, vitamin D and iron.Rice Krispies sales have also declined in Britain, according to The Grocer, although the company has not linked the reformulation to falling sales.Other major cereal makers have also been updating their recipes. General Mills announced in August that its U.S. cereals, including Lucky Charms and Trix, no longer contain certified synthetic colors. GET FOX BUSINESS ON THE GO BY CLICKING HEREThe company plans to eliminate those additives from its entire U.S. retail portfolio by the end of 2027.A representative for Kellanova, which oversees the U.K. cereal brands, did not immediately respond to FOX Business' requests for comment. [TheTopNews] Read More.4 hours ago
- Australia’s oldest department store David Jones folds after 188 years
The brand's 38 physical stores and online site will continue to operate while receivers review its operations. [TheTopNews] Read More.4 hours ago - Interest rates expected to rise for first time in over three yearsMost analysts are predicting an increase from 3.75% to 4%, the first increase in more than three years. [TheTopNews] Read More.5 hours ago
- White House Delays Hearing on Fed Governor
The administration pushed back a hearing for Lisa D. Cook, the Federal Reserve governor that President Trump has tried to fire, after her lawyers raised scheduling issues. [TheTopNews] Read More.6 hours ago - Trump Media’s Shares Fall to Record Low After MidtermsTrump Media & Technology Group’s stock plunged 24 percent a day after Democrats made huge gains in the midterm elections. [TheTopNews] Read More.7 hours ago
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