Google to go slow on recruitment process in next 2020
By MYBRANDBOOK
Web Search Giant Google’s parent Alphabet Inc. is slowing hiring for the remainder of the year, the most drastic action since the Covid-19 pandemic began battering its advertising business several weeks ago.
Chief Executive Officer Sundar Pichai told through an email sent to the staff informing about the decision. He also highlighted other areas of cost cutting, saying the company will be “recalibrating the focus and pace of our investments in areas like data centers and machines, and non business essential marketing and travel.”
A Google spokesperson confirmed the memo and added that the company will maintain hiring momentum “in a small number of strategic areas,” while “on-boarding the many people who’ve been hired but haven’t started yet.” At the end of 2019, Alphabet employed 118,899 people full-time.
Compared with startups that are firing thousands of workers, Google remains a haven for current employees. But the company’s revenue has likely been hit as businesses slash ad spending to save money. The crisis has hammered the retail and travel sectors in particular, and these are major Google advertising customers.
“The entire global economy is hurting, and Google and Alphabet are not immune to the effects of this global pandemic,” Pichai wrote.
“We exist in an ecosystem of partnerships and interconnected businesses, many of whom are feeling significant pain,” concluded Pichai
It’s rare for Google to take such steps. The company cut some jobs during the financial crisis of 2009, but in recent years, it has gone on a hiring spree, adding more than 20,000 staff last year. It also reported $23.5 billion in capital expenditures, with a major part of that invested in data centers, computer servers and related items.
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