Google Will Slow Down Hiring In 2020, As It Takes Stock Of Coronavirus-Related Losses
COVID-19 is hitting hard, not just to the common people but also large tech conglomerates. Google¡¯s parent company Alphabet has announced that it will be slowing down hiring for the rest of the year.
COVID-19 is hitting hard, not just to the common people but also large tech conglomerates -- and it looks like no one will be spared from Coronavirus' wrath.
Google¡¯s parent company Alphabet has announced that it will be slowing down hiring for the rest of the year, breaking its hiring spree.
Reuters
Reported first by Bloomberg, this was announced by Alphabet CEO Sundar Pichai, in an internal memo on Wednesday. He has also revealed that they will be rethinking their focus and pace investment in places like data centres and machines, as well as non-business essential marketing as well as travel.
This was confirmed by a Google spokesperson that has also revealed that they¡¯ll be hiring people in strong and strategic areas while it will be onboarding people who¡¯ve already been hired but haven¡¯t been assigned any positions yet.
Sundar Pichai's thought process
Pichai wrote in the memo, ¡°The entire global economy is hurting, and Google and Alphabet are not immune to the effects of this global pandemic. We exist in an ecosystem of partnerships and interconnected businesses, many of whom are feeling significant pain.¡±
With companies being shut, they¡¯ve stopped spending on ads and With the losses companies across the world are incurring due to COVID-19, such behaviour isn¡¯t surprising.
Thankfully, unlike companies around the US letting go of their staff one after another, Google hasn¡¯t laid off its staff. Moreover, It has also been covering the wages of its contract employees.
Reuters
Google isn¡¯t the only tech giant in America's Silicon Valley that is cutting down on hiring new people onboard. A recent report by Business Insider also revealed that Microsoft too has paused hiring new people.
Ever since the commencement of the COVID-19 pandemic, Google has offered $800 million in the form of grants and customer credits while also donating Wi-Fi hotspots and Chromebooks to kids in the rural areas to help them study during the lockdown.
