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AmextaFinance > Investing > Google to lay off hundreds of recruiting staffers
Investing

Google to lay off hundreds of recruiting staffers

News Room
Last updated: 2023/09/14 at 10:11 AM
By News Room
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Google plans to cut back on roles in its recruiting department, a spokesperson confirmed Wednesday.

The company, which is part of Alphabet Inc.
GOOG,
-0.07%

GOOGL,
-0.06%,
continues “to invest in top engineering and technical talent while also meaningfully slowing the pace of our overall hiring,” the spokesperson said in an email to MarketWatch. “In line with this, the volume of requests for our recruiters has gone down.”

Google has “made the hard decision to reduce the size of our recruiting team” as it maintains a focus on efficient operations, the spokesperson said.

Semafor first reported on the company’s intent to reduce its recruiting headcount and said that affected employees started to receive notifications Wednesday.

The cuts are expected to impact a few hundred members of the company’s recruiting team, while a significant majority of the team will stay at Google.

The company said that the recruiting layoffs aren’t indicative of plans for Google to make further cutbacks more broadly.

Google, like other tech companies, engaged in more substantial layoffs earlier this year as investors pushed for the industry to get leaner and reduce pandemic-era bloat.

Don’t miss: More than 234,000 global tech workers have lost their jobs so far this year

Chief Executive Sundar Pichai said on Alphabet’s last earnings call in July that the company was continuing “to slow our expense growth and pace of hiring, and ensure our teams are aligned to our highest priorities.”

He noted that during the most recent quarter, the company “reallocated a number of teams,” which included layoffs to Waze’s ad sales team.

While tech companies still seem to be taking a more measured approach to their headcount, there’s one area of the market that appears to be seeing hot demand. Tech players including Netflix Inc.
NFLX,
-1.79%
and Apple Inc.
AAPL,
+0.21%
have posted lucrative jobs related to artificial intelligence.

See more: After a wave of layoffs, tech is hiring for AI jobs

Read the full article here

News Room September 14, 2023 September 14, 2023
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