• Google is the most recent tech juggernaut to slow hiring

    Sci & Tech
    Google is the most recent tech juggernaut to slow hiring

    According to a regulatory filing, Alphabet reported having 163,906 staff members as of the end of March, an increase of more than 20,000 from the year before.

    Digital
    Desk: In the latest indication that major businesses are rethinking staffing
    amid a market slump that has hit Silicon Valley particularly hard, Google plans
    to restrict its hiring pace for the balance of the year.



    The
    announcement was made on Tuesday in an internal message by Sundar Pichai, CEO of
    Google and Alphabet, who noted "the uncertain global economic
    picture." Google told CNN Business that the letter was real, but it would
    not elaborate.



    According
    to The Wall Street Journal, Pichai stated in the message that going forward,
    "we need to be more entrepreneurial, working with greater urgency, better
    concentration, and more desire than we've exhibited on sunnier days." In
    certain instances, that entails reducing procedures and combining investments
    where they overlap.



    mso-fareast-font-family:"Times New Roman";color:#262626">According to a
    regulatory filing, Alphabet reported having 163,906 staff members as of the end
    of March, an increase of more than 20,000 from the year before.



    mso-fareast-font-family:"Times New Roman";color:#262626">The Google letter is
    the most recent evidence that the once-promising digital industry is now facing
    a new reality check. This is in contrast to how recently it had experienced a
    boom in demand due to changing consumer behaviour during the epidemic. A number
    of tech companies recently announced that they are halting hiring or making
    employee reductions due to growing inflation, rising interest rates, and
    concerns about an impending recession.



    mso-fareast-font-family:"Times New Roman";color:#262626">A rising number of
    digital firms, including Netflix and Coinbase, have announced layoffs. GoPuff,
    a business offering lightning-fast delivery, recently informed investors of its
    plans to liquidate dozens of US warehouses and lay off 10% of its global
    workforce. Microsoft also said earlier this week that it would be eliminating a
    limited number of positions, despite its intention to keep on hiring.



    mso-fareast-font-family:"Times New Roman";color:#262626">Other businesses, such
    as Uber, Lyft, Snap, Twitter, and Apple, have also hinted at future
    cost-cutting initiatives.



    mso-fareast-font-family:"Times New Roman";color:#262626"> 

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