Apple, Google, Amazon: tech companies that are slowing hiring

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With recession fears mounting, and inflation, the war in Ukraine, and the lingering pandemic taking a toll – many tech companies are rethinking their staffing needs, with some of them instituting hiring freezes, rescinding offers and even starting layoffs.

, Google’s parent company, is decelerating its recruiting efforts. According to an internal memo, chief executive officer Sundar Pichai told employees, that- although the business added 10,000 Googlers in the second quarter -it will be slowing the pace of hiring for the rest of the year and prioritizing engineering and technical talent.

Amazon is subleasing some warehouse space and has paused the development of facilities meant for office workers, saying it needs more time to figure out how much space employees will require for hybrid work. The company had 1.6 million workers as of March, making it the biggest employer in the tech world.is planning to slow hiring and spending at some divisions next year to cope with a potential economic slump, according to people familiar with the matter.

“While it’s hard to predict the economy or the markets, we always plan for the worst so we can operate the business through any environment,” he said. The company ended the quarter with about 5,000 employees., a real estate brokerage platform, is eliminating 450 positions, about 10% of its staff, according to a filing last month. The company had nearly 5,000 employees at the end of 2021.

 

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Business Maverick: Apple joins fellow tech giants in putting a lid on hiringTech peers, including Amazon, Google and Microsoft, have all taken steps to decelerate spending. For now, most of the biggest tech companies aren’t talking about eliminating jobs, just reducing the rate of hiring.
Source: dailymaverick - 🏆 3. / 84 Read more »