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Alphabet CEO tells employees the company will slow hiring and other investments

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The company said it is 'reevaluating' its investment plans for the rest of 2020, which includes data centers and hiring

Google CEO Sundar Pichai told workers Wednesday that the company is re-evaluating investments for the remainder of 2020, starting with hiring, according to a Bloomberg report.Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019., the parent company of Google, is pulling back on some of its investments for the rest of the year amid the Covid-19 crisis and it's starting with hiring.

"We believe now is the time to significantly slow down the pace of hiring, while maintaining momentum in a small number of strategic areas where users and businesses rely on Google for ongoing support, and where our growth is critical to their success," CEO Sundar Pichai told workers this week in a memo first"Beyond hiring, we continue to invest, but will be recalibrating the focus and pace of our investments in areas like data centers and machines, and non business essential...

A spokesperson confirmed the slowdown in a statement to CNBC. "We'll be slowing down the pace of hiring, while maintaining momentum in a small number of strategic areas, and onboarding the many people who've been hired but haven't started yet." Pichai reportedly noted that the company added 20,000 employees in 2019 and had planned to do the same this year. So far, it has on-boarded 4,000 new employees and a thousand more are scheduled to onboard soon, the memo stated.

The announcement comes as the company faces economic headwinds caused by the Covid-19 pandemic, which has effected the global economy. CNBC

 

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Oohhh nooo... now that I almost get my cyber title.

Change this ass hol plz. Typical political.

But probably will increase the H1B1 contract hires.

$GOOGL probably heading south then

Google really needs a new CEO.

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