Monday, December 5, 2022
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Google CEO Sundar Pichai Said He Will Slow Down Hiring In A Memo

Google will slow its pace of hiring in response to an “uncertain” global economic outlook, Chief Executive Sundar Pichai wrote in an email to employees obtained by The Washington Post.

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The company has already hired thousands of employees this year and will continue to hire, but it will begin to focus its hiring efforts on engineering and other “technical” roles, Pichai wrote. in the memo.

“We need to be more enterprising, work with more urgency, sharper focus and more hunger than we showed on the sunnier days,” Pichai said.

Tech companies have slowed investment and hiring in recent months as rising interest rates raised concerns about a possible recession in the United States and abroad. Several start-ups have said in the past two months that they will cut their workforces, and venture capitalists have warned companies to prepare for tougher conditions ahead.

Shares continued to fall on Tuesday as the euro tumbled, nearly hitting the same price as the US dollar. The Dow Jones industrial average lost more than 192 points.

“There has been a tremendous amount of pessimism in recent months,” Kristina Hooper, chief global market strategist at Invesco, told the Post.

Google’s parent company, Alphabet, had nearly 164,000 employees as of the last quarterly report.

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