Google has announced slowing its hiring for the remainder of 2022 in anticipation of difficult economic days. The search company joins a host of other big tech firms in cutting down on human resources. Meta and Microsoft have mentioned the same plans to slow hiring, while Tesla and Rivian plan to cut several employees loose.
It would seem like the tech bosses are seeing something that the rest of the world doesn’t. Seriously, their frantic structural shakeups are causing unrest and panic in other industries. Or is this just a tech-related economic crisis that is looming? We are not certain yet.
However, the Bloomberg article, which broke the news, quoted CEO Sundar Pichai pointing at an ‘uncertain global economic outlook.’ Mark Zuckerberg, on the other hand, called the impending gloom ‘one of the worst downturns’ in recent history.
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Google’s humane approach is to be lauded as it is proactively seeking not to add more strain that would force it to later relieve employees of their jobs.
“Moving forward, we need to be more entrepreneurial, working with greater urgency, sharper focus, and more hunger than we’ve shown in sunnier days. In some cases, that means consolidating where investments overlap and streamlining processes. In other cases, that means pausing deployment and re-deploying resources to higher priority areas,” Pichai’s statement reads.
The company had been on a hiring spree in Q2 2022, allegedly adding 10,000 new employees during that period, as Engadget claims. Now, it will slow down, only hiring for key areas where it does not have someone already on its payroll that can do the task.
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