Alphabet's Verily plans to restructure ahead of fresh investment, and as employees see their shares tank
1. Verily plans to restructure and seeks fresh investment amid financial challenges. 2. Employee shares dropped 80% since late 2024, impacting morale and confidence. 3. Verily is shifting from LLC to C-corp, aiming for better investor appeal. 4. Ongoing layoffs and business closures highlight cost-cutting measures at Verily. 5. Verily's technology dependency on Google is decreasing as it prepares to spin out.