Google slows recruitment, says company needs to be ‘more entrepreneurial’

Google will slowly hire employees until the end of the year. This is (again) due to the global economic slowdown.

According to a recent Bloomberg article, Google has announced that it will reduce the frequency of hiring until the end of 2022 and is asking its employees to be “more entrepreneurial”. Like Meta and many other tech companies, CEO Sundar Pichai cited “an uncertain global economic environment”as the reason for the slowdown and explained that the company is consolidating operations and smoothing out situations where “investment overlaps.”

Google will slow down recruitment until the end of the year

Google’s hiring pace was very strong in the second quarter of 2022 as the company added at least 10,000 new employees to its 163,906 workforce, up 17% from the previous year. On the other hand, until the end of 2022, Google will focus its hires on engineering, technical and other vital roles: “Now we need to be more entrepreneurial, work faster, concentrate more and be hungrier than we might have been when times were good.”. In some situations, this means reducing the cost of duplicating investments and simplifying processes. In other cases, this means pausing the deployment and reallocating resources to other higher priority areas.”

This is (again) due to the global economic slowdown.

Microsoft is also planning to cut staff as part of a major program to reorganize its operations, Bloomberg reported. This will affect a wide variety of groups, including consulting firms and other partners around the world. However, the Redmond-based firm intends to hire employees in other key roles and will complete the operation by 2022 with a growing number of employees.

Other tech companies have already said this economic slowdown will affect hiring. More recently, Meta CEO Mark Zuckerberg warned his employees that “one of the worst downturns [he’s seen] in years”could affect the entire company, asking his managers to “push out”those and those “who can’t keep up with the time.”step”. Netflix, Unity, Coinbase and PayPal have recently gone through a wave of layoffs.