Not just Uber, Meta and Twitter. Google is also holding back new hires

15 July 20222 years ago babelfish

Alphabet (Google holding company) to slow hiring in the second half of 2022 citing "uncertain" prospects as the threat of recession increases

Google will also slow the pace of hiring for the rest of the year.

Alphabet (Google holding) head Sundar Pichai told employees in a statement on Wednesday. The reason is that the company is not immune to "economic headwinds".

It is the latest company to make a similar move in the wake of inflation and the fallout from activities impacted by the Ukrainian crisis.

The announcement aligns the search giant Google's parent company with other major tech companies including Uber, Netflix, Meta and Twitter. It comes the day after Microsoft announced it would initiate layoffs.

THE SUNDAR PICHAI COMPASS

“The uncertain global economic outlook came first. Like all companies, we are not immune to economic headwinds, ”Pichai said.

The Google boss said the slowdown in hiring at the internet company was a direct result of the large number of new jobs it created this year. The slowdown in hiring follows a recent increase in the number of employees at the internet search firm as its business exploded in the wake of the pandemic. Pichai said he added about 10,000 new workers in the second quarter.

CEO Pichai said Google already has a "strong number of commitments" for new workers starting this quarter, many of them recent graduates, and will focus its hires for this year and 2023 on "engineering, technical roles. and other critics ”.

However, he also warned of the worsening economic outlook and said Google would "pause development" in some areas to focus its investments.

SWEEPER RECESSION

Numerous tech companies have scaled back their ambitions in anticipation of a possible US recession.

“The sudden freeze in financial markets has prompted many startups to rethink hiring or downsizing their workforce, leaving Google and other large tech companies in a strong position to get back into the game, albeit at a faster pace. slow, ”comments the Financial Times .

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/non-solo-uber-meta-e-twitter-anche-google-frena-nuove-assunzioni/ on Thu, 14 Jul 2022 07:31:33 +0000.