Google has announced that it will slow down its hiring pace for the rest of 2022, urging employees to “be more entrepreneurial.” Bloomberg reported. Like Meta and other technology companies, CEO Sundar Pichai cited an “uncertain global economic outlook” for the change in pace, saying the company would consolidate operations and streamline “where investments overlap.”
Google’s hiring pace was also fierce in the second quarter of 2022, as the company added 10,000 new employees to its 163,906 workforce, an increase of 17 percent year over year. For the rest of 2022, however, Google will focus its hiring on engineering, technical and other crucial roles.
Going forward, we need to be more entrepreneurial, work with greater speed, sharper focus and more hunger than we have shown on sunny days. In some cases, it means consolidation, where investments overlap, and streamlining of processes. In other cases, this means that rollout is stopped and resources are redeployed to higher priority areas.
Microsoft also plans to cut a small number of jobs due to a reorganization of its business groups, according to Bloomberg. These will affect groups, including counseling and partner solutions around the world. However, the company plans to continue hiring in other roles and will end 2022 with a higher number of employees.
Other tech firms have said the declining economy will affect employment. Yesterday, Meta CEO Mark Zuckerberg warned employees that “one of the worst downturns [it has seen] in recent history “could affect the company, while telling executives to” move to leave “bad artists,” who are unable to get on track. “Netflix, Unity, Coinbase and Paypal have all recently also cut jobs.