Google announced in a letter to its employees they will slow the “pace of hiring”, to turn inward and focus internally on critical roles and inner workings of the business.
Alphabet’s CEO Speaks
Chief Executive Officer Sundar Pichai said Tuesday in an email to their staff that the company will focus on hiring “engineering, technical and other critical roles” in 2022 and 2023 but plans to slow the overall hiring within the company.
“Moving forward, we need to be more entrepreneurial, working with greater urgency, sharper focus, and more hunger than we’ve shown on sunnier days,” Pichai wrote. “In some cases, that means consolidating where investments overlap and streamlining processes.”
Google’s Iron-Clad Wall
To date, Google has been immune to most of the economic turns and dips in the technology industry. But even the tech giant can’t hide from the ravaged economy around the globe.
About a decade ago, they slowed hiring after the financial crisis and had been moving at a forward pace ever since. In the past, Google added new waves of employees for advertising, smartphones, self-driving cars, and wearable devices, items that reportedly haven’t been profitable yet.
Google and Hiring
In the email from Pichai, he mentioned Google added about 10,000 staff members in the second business quarter. They plan to focus on hiring college recruits in the future.
Excerpt from Pichai’s letter:
Because of the hiring progress achieved so far this year, we’ll be slowing the pace of hiring for the rest of the year, while still supporting our most important opportunities. For the balance of 2022 and 2023, we’ll focus our hiring on engineering, technical and other critical roles, and make sure the great talent we do hire is aligned with our long-term priorities.
Google isn’t the only one who’s felt the burn of the economy in the hiring department. In May, Snap and Lyft announced similar strategies, as well as Instacard and Tesla. Microsoft also announced it was cutting a small number of positions, and Meta Platforms has reduced its hiring plans.
You can read the rest of the Pichai’s letter here.
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