It has been reported that Google is eliminating hundreds of jobs from its Recruiting Team around the world. Google’s CEO, Sundar Pichai, said during the company’s earnings conference last month that it was slowing down its expense growth and pace of hiring.”
The latest round of job cuts is a sign that Google is continuing to tighten its belt. The company is facing a number of challenges, including rising costs, a slowdown in revenue growth, and increased competition from rivals like Microsoft and Amazon.
The job cuts are reportedly affecting recruiters across all levels and functions. Google has not confirmed the exact number of jobs being cut, but some reports say it could be in the hundreds.
Google CEO Sundar Pichai said in January that the company was slowing its pace of hiring in 2023. He said that this was necessary to ensure that Google is “best positioned for long-term growth and success.”
The most recent layoffs follow those made by Alphabet, the parent company of Google, which cut 12,000 jobs in January, or about 6% of its total workforce, as it struggled with the economic unpredictability that had a negative impact on the company’s bottom line in particular its core advertising business.
This year the technology industry faced a moment of reckoning, with large job losses in the IT sector. Meta’s gone through a few rounds of layoffs. In May they shared up to 6,000 employees in the business departments could be cut, one month after they cut 4,000 roles from its tech department. Amazon shared in March its plans for eliminating 9,000 jobs, as well as the 18,000 that it planned to eliminate in January.
In an effort to increase “long-term profitability,” Farmers Insurance announced intentions to lay off around 2,400 workers, or 11% of its staff, “across all lines of business.”
T-Mobile announced it would cut about 7% of its staff that is estimated to be about 5,000 positions.
This came after CEO Mike Sievert told employees the cost of attracting new customers is “materially more expensive than it was a few quarters ago,” according to a filing with the SEC.
The impact of the job cuts on Google is still unclear. However, it is likely that the cuts will affect the company’s ability to recruit new employees.
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