ECONOMY
Wed 15 Mar 2023 9:28 pm - Jerusalem Time
Google slows hiring pace amid uncertain global economic outlook
Mountain View (America) (dpa) - Alphabet , the parent company of Google , intends to slow the pace of hiring for the rest of the year and support investments until 2023, according to CEO Sundar Pichai.
And he admitted in an email sent to employees that the ambiguity of the global economic outlook was the thing that dominated his mind when making the decision, indicating that Google is not immune from economic difficulties like all companies.
"Because of the hiring progress that has been made so far this year, we will slow the hiring pace for the rest of the year, while continuing to support our most important opportunities," Pichai said.
For 2022 and 2023, the company intends to focus on hiring in engineering, technical and other important positions, in addition to long-term priorities.
He pointed out that Google hired about 10,000 new employees during the second quarter, and it also had a large number of commitments during the third quarter, which partly reflects the seasonal aggregate hiring agenda.
As of March 31, the number of employees at Alphabet amounted to about 163,906 workers, an increase of 17% compared to the previous year.
Technology companies have recently slowed or stopped hiring due to high inflation and growing concerns about economic challenges.
The Wall Street Journal reported that Microsoft Corporation announced plans to reduce a small percentage of its staff, reflecting periodic adjustments at the beginning of its fiscal year, and the high-speed delivery company, Joe Buff, reduced its workforce by 10%, or about 1,500 employees.
And Bloomberg News reported in early June that businessman Elon Musk wants to stop all hiring around the world, as Tesla has become overcrowded with workers in some areas.
After that, Musk indicated that the planned cuts will mean a 3.5% reduction in the workforce.
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Google slows hiring pace amid uncertain global economic outlook