The Strategist

Google to cut hiring due to recession risk

07/14/2022 - 09:18

Due to the potential for a US economic slowdown, Google will reduce hiring for the remainder of the year. The firm advised employees to "work with enhanced speed and greater appetite". Earlier, Tesla, Microsoft, and Snap made recruiting slowdown or cutback announcements.

Carlos Luna
Carlos Luna
Google anticipates slowing down hiring by year's end in response to a potential slowdown in the economy. Sundar Pichai, the CEO of Google and Alphabet's parent firm, made this announcement in an email to staff members, states Bloomberg.

According to Bloomberg, Pichai stated that the business would concentrate on filling "engineering, technical and other essential posts" in 2022 and 2023. The CEO of Google exhorted staff to work "more quickly and with greater appetite than on warmer days."

According to Bloomberg, Google has historically remained mostly unaffected by downturns in the economy. During the 2008 financial crisis, the Internet giant stopped employing new workers, but since the crisis's end, it has consistently recruited staff in its core advertising business, as well as its smartphone and self-driving car businesses. In recent years, Alphabet, the parent company of Google, which had almost 164,000 employees as of March 31, has hired mostly for its cloud business and new teams.



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