(AOF) – Alphabet will slow hiring for the rest of the year, CEO Sundar Pichai said in a memo sent to employees and obtained by The Wall Street Journal. The internet firm hired about 10,000 new employees in the second quarter and has hired others, who will start this quarter, he added.
“Moving forward, we need to be more entrepreneurial, work with greater urgency, sharper focus and more hunger than we have shown in better times,” he said. writes the boss of the group in the email. “In some cases, that means consolidating where investments are duplicating and streamlining processes. In other cases, that means pausing deployment and redeploying resources to higher-priority areas.”
Yesterday another giant in the technology sector, Microsoft, indicated that it would reduce its workforce by just under 1%.
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