UNITED STATES: According to a recently published story, Google has instituted a two-week hiring halt. This follows the company’s announcement last week that it will slow down its hiring process for the rest of the year to reevaluate its whole hiring process. With full-quarter numbers expected to be released on July 26, the corporation is said to have hired close to 10,000 individuals in only Q2.
From sources, Google senior vice president Prabhakar Raghavan stated, “We’ll use this time to review our headcount needs and align on a new set of prioritised Staffing Requests over the next three months.” The freeze would stop any further contract extensions but would not impact offers already made.
The company’s CEO, Sundar Pichai, stated in an internal memo last week that the company is looking to be “more entrepreneurial” and re-deploy resources in higher-priority areas. Google’s move is consistent with that statement.
As Sundar announced, we are reducing employment for the remainder of the year. In keeping with that, a Google representative stated that we’re delaying the majority of new offers for two weeks to give teams time to organise their roles and hiring plans for the remainder of the year.
Ives points out that Google has joined several other significant tech firms in pausing or ending hiring. For select teams, notably, those who work on Messenger Kids and shopping services, Meta announced a hiring freeze in May. With Apple anticipating a slowdown in 2023, Twitter and Spotify have also reduced employment. In the middle of a recession, other businesses, including Substack, Tesla, and Netflix, have had to make layoffs.
Also Read: Microsoft is the First Major Technology Company to Reduce Staff During the Financial Crisis