According to Bloomberg, Google said it would slow its hiring pace for the remainder of 2022 and urged staff to “be more entrepreneurial.” CEO Sundar Pichai stated that the company would streamline operations “where investments overlap” and cited a “uncertain global economic outlook” as the reason for the change in direction, similar to Meta and other tech companies.
In the second quarter of 2022, Google hired 10,000 more people, bringing its total headcount to 163,906, an increase of 17% year over year. However, Google will concentrate on hiring for engineering, technical, and other important roles for the remainder of 2022.
We need to be more entrepreneurial going forward, working with more urgency, clarity, and hunger than we have on brighter days. That may entail streamlining procedures and consolidating investments where they overlap. In other situations, this entails stopping deployment and redeploying resources to areas with a higher priority.
Due to a realignment in its business groups, Microsoft also intends to eliminate a small number of positions, according to Bloomberg. These will have an impact on organizations, such as consulting and partner solutions, globally. However, the business intends to keep filling other positions and end 2022 with a larger workforce.
According to other tech companies, the economy’s slowdown will have an impact on hiring. Mark Zuckerberg, the CEO of Meta, warned yesterday that the company could experience “one of the worst downturns [it has] seen in recent history” and instructed managers to “move to exit” underperformers “who are unable to get on track.” Recently, positions were also eliminated at Netflix, Unity, Coinbase, and Paypal.
