Recently the Bloomberg news portal obtained an email by the CEO of Google Sundar Pichai that was mailed to its employees. The mail clearly stated that the company intends to slow down their process of hiring for the rest of 2020 and concentrate their investments in important areas like Data centres and marketing. This decision has been taken due to the ongoing pandemic, which has brought the economy of the entire world to a standstill. This news has also been confirmed by Google while talking to The Verge.
In a statement released to The Verge, Google said, “We’ll be slowing down the pace of hiring while maintaining momentum in a small number of strategic areas, and onboarding the many people who’ve been hired but haven’t started yet.”
Sundar Pichai, the CEO of Google also said in his memo, “We believe now is the time to significantly slow down the pace of hiring, while maintaining momentum in a small number of strategic areas where users and businesses rely on Google for ongoing support, and where our growth is critical to their success.”Source
This statement was enough to clear the rumours surrounding the news. The company also needs to look at how to tackle the situation of declining economic activity in the right way with minimal damage.
The CEO on his statement further stated that “By dialling back our plans in other areas, we can ensure Google emerges from this year at a more appropriate size and scale than we would otherwise. That means we need to carefully prioritize hiring employees who will address our greatest user and business needs”.
Last year in 2019, Google hired more than 20,000 employees at a good pay scale, and the company was hoping to achieve the same numbers in 2020 as well. But due to the unfortunate health crisis going on across the world, the CEO says, that the company may not be able to reach the mark of hiring that they intended to. In his memo, Sundar Pichai says that Google will also be seen as, “recalibrating the focus and pace of our investments in areas like data centres and machines, and non-business essential marketing and travel”.
The company surely is making all these decisions because of the economic uncertainty being caused across the world due to the coronavirus pandemic. Many companies have already fallen prey to the economic decline and finding it difficult to pay their employees or even keep them employed. Google is not the only tech giant Company that has taken this step, but Microsoft too on a recent statement released by one of their spokespeople said that they putting a temporary pause on their recruitment process and will resume it next year.
The news about Microsoft calling a halt on their hiring process was first reported by the Business Insider. Other tech giants like Amazon and Facebook have not posted about their hiring process yet, or whether they will be slowing down or putting a stop on their recruitment.
The Google Company has surely made a lot of changes in their corporate way of doing things. Being one of the first company to suggest its employees and request them to start work from home, Google surely has outdone itself. They have also made new policies that will provide paid sick leaves to its employees along with providing extra allowances to their family to help survive this tough time.
The company has been making sure that they provide all essential information and data to the White House as well as IBM to help research for a powerful vaccine that will put an end to this pandemic. They have also provided a new update on their smartwatch that will alert people to wash their hands at regular intervals. Despite making so many efforts to help stop the spread of Coronavirus, the company still is facing an economic crisis for which they have decided to slow down their hiring process.