Google parent Alphabet is dramatically cutting back on its ambitious plans to expand its Fiber internet service nationwide and disrupt the entire broadband market. It is letting go about 9% of staff (or roughly 130 employees), and top exec Craig Barratt, who leads the Access unit that includes Google Fiber, is leaving, reports Bloomberg. In a blog post, Barratt wrote that it is pulling back from eight different cities, including Dallas, Los Angeles, and Phoenix. “I suspect the sheer economics of broad-scale access deployments finally became too much for them,” Jan Dawson, an analyst with Jackdaw Research, told Bloomberg.MB
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