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Alphabet subsidiary Nest Labs is undergoing yet another restructuring

Alphabet subsidiary Nest Labs is undergoing yet another restructuring, becoming part of Google’s (GOOG, GOOGL) internet-of-things team, in a unified division headed by Hiroshi Lockheimer, Fortune reports. The combined group also will continue to work on Google Home, a smart speaker rival to the Amazon Echo (NASDAQ:AMZN), expected to launch sometime this year. Nest co-founder Tony Fadell resigned earlier this summer, amid reports of tensions with Alphabet management and disappointing sales figures.

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