HomebusinessGoogle will slow hiring for the rest of this year

Google will slow hiring for the rest of this year

Her Google Alphabet Inc. will slow hiring for the rest of the year, the CEO told employees Sundar Pichai, making the search giant the latest tech company to either shed new hires or cut staff.

In an email sent to employees on Tuesday, Mr. Pichai he said Google would "slow the pace of hiring for the rest of the year while still supporting our most important opportunities." Google hired about 10.000 new employees in the second quarter and more are committed to starting this quarter, he added.

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The parent company A reported 163.906 employees at the end of March, up 17% from a year earlier.

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"Moving forward, we must be more entrepreneurial, work with a greater sense of duty, sharper focus and more zeal than we have shown on sunnier days," Mr. Pichai wrote in the email. “In some cases, this means consolidating where investments overlap and streamlining processes. In other cases, this means pausing development and reallocating resources to higher priority areas."

Google will slow hiring for the rest of this yearv
Google will slow hiring for the rest of this year

A Google spokesman declined to comment.

Google joins other tech companies big and small that are cutting back on headcount expansion as rising inflation and other economic challenges contribute to a slowdown in the tech sector.

Η Microsoft Corp. said Tuesday it would cut a small percentage of its staff, attributing the layoffs to routine adjustments at the start of its fiscal year. This was done on the same day as the express delivery company gopuff told its investors it would cut 10 percent of its workforce, or about 1.500 employees, amid growing concerns about the economy.

Before that, its head of engineering Meta Platforms Inc. her mother's Facebook told managers to identify and fire underperforming employees, according to an internal posting. Its CEO Snap Inc. Evan Spiegel he also recently told staff that the company would slow hiring, warning that the economy "has certainly deteriorated further and faster than we expected."

Google will slow hiring for the rest of this year
Google will slow hiring for the rest of this year

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Mr Pichai said Google would focus on hiring engineers, technicians and other critical roles for the rest of the year. The memo cited Google's previous pace of hiring this year as the reason for the planned slowdown.

"Rarity breeds clarity—that's something we've been saying since the early days of Google," Mr. Pichai wrote. “It's what drives the focus and creativity that ultimately leads to better products that help people around the world. That's the opportunity we have in front of us today, and I'm excited to rise to the occasion again."

Source: wsj.com

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