New Delhi: According to reports, Google has extended the deadline for freeze hiring. Last month, the company announced a two-week hiring freeze to encourage existing employees to be more efficient and focused. The search giant has now pushed it back for another week, according to two Google employees who spoke to Business Insider.
Google CEO Sundar Pichai said last month that “overall productivity is not where we need to be for headcount.” He basically believes that the company has too many employees, but not enough of them work productively and with a goal in mind. Read more: Microsoft lays off 200 employees from R&D projects, asks them to find jobs in 60 days
Google has already said it will slow its hiring for the rest of the year, but it will continue to hire for “critical roles.” While many big technology companies are laying off a large number of employees in the name of restructuring. Experts agree that the world is worried about a potential recession, which is why we’re hearing more about layoffs as companies try to cut costs. Read more: Anand Mahindra got the tricolor from India Post, said ‘every house is the tricolor’
While some companies have said that this is also a cost-cutting measure, most companies have said that restructuring is one of the reasons for layoffs. While Google hasn’t laid off any employees yet, the CEO recently said that the company is “immune to economic adversity,” meaning it’s financially stable and doesn’t need to lay off employees. Is.
“The unpredictability of the global economic outlook has been on my mind.” We, like all businesses, are in the grip of an economic downturn. Something I admire about our culture is that we have never considered such challenges as hindrances. Instead, we see them as opportunities to shift our focus and invest for the long term,” according to an internal memo obtained by The Verge from CEO Sundar Pichai.
According to the CEO, Google employees should be “more entrepreneurial, with more urgency, sharper focus and greater appetite, as we have shown on brighter days.” “In some cases, this includes consolidating investments and streamlining processes.” In other cases, it means halting development and reallocating resources to higher priority areas,” Pichai explained.
Just a few days ago, companies like Netflix, Shopify, Coinbase, Alibaba, Robinhood and Microsoft laid off some employees for the same reason we mentioned above: restructuring. Microsoft has reportedly fired over 2,000 employees so far.