Alphabet (GOOG, GOOGL) is slowing hiring in almost all areas for the rest of the year, CEO Sundar Pichai told colleagues.
“We will slow the pace of hiring, while maintaining momentum in a small number of strategic areas, and welcoming the many people who have been hired but have not yet started,” said the company.
So far, the company has announced no job cuts; it covers the salaries and benefits of contractors in its offices for a certain period.
“Like the 2008 financial crisis, the entire global economy is suffering, and Google and Alphabet are not immune to the effects of this global pandemic,” said Pichai in a memo.
“By recalling our plans in other areas, we can ensure that Google emerges this year at a more appropriate size and scale than we would otherwise. This means that we must carefully prioritize the hiring of employees who will meet our
user and business needs. ”
After hours: GOOG -0.3%; GOOGL -0.2%.