Google shutting down biotech company’s R&D centers in Israel | CTech ...Middle East

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Google shutting down biotech company’s R&D centers in Israel | CTech
Google is terminating the activity of its biotech company Verily in Israel. Verily was launched in Israel in August 2021, but its approximately 30 remaining employees, based in Tel Aviv and Haifa, are being laid off following Google’s decision to concentrate all R&D activity in the U.S. Verily has raised more than $3.5 billion to date and has been trying to emerge from under the shadow of Google parent company Alphabet for years. It has undergone several rounds of layoffs over recent years as it prepares itself for a potential IPO as an independent company. 1 View gallery Google’s Tel Aviv offices. (ColorMaker / Shutterstock.com) “As part of our ongoing review of business nee

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