https://arstechnica.com/gadgets/2022/09/google-cuts-half-of-its-experimental-area-120-division-projects/

Google CEO Sundar Pichai seems to be on a cost-cutting mission. After he said that the company's productivity was "not where it needs to be" in July, Google axed the Google Hardware laptop division and spun off what was left of Project Loon to try to survive as an independent company. The latest move is aimed at Google Area 120 "idea incubator" group, which Bloomberg reports is being cut by half.