As their losses pile up, Chinese investors are losing confidence not only in the stock market but in the government’s ability to turn the economy around.
The company, which has been working to trim expenses, laid off employees who worked on core engineering, the Google Assistant product and hardware such as the Pixel phone.
Average hourly earnings climbed 0.4 percent from the previous month, and 4.1 percent compared to a year earlier. That was faster than economists expected.