Google has told employees that it’ll be “slowing down the pace of hiring for the rest of the year,” according to an internal memo Tuesday by CEO Sundar Pichai obtained by The Verge.
Pichai says the company will have to “be more entrepreneurial” and work with “greater urgency, sharper focus, and more hunger than we’ve shown on sunnier days.” You can read the full memo below.
According to the memo, the company isn’t freezing hiring entirely; it’ll still hire for “engineering, technical and other critical roles.” But Pichai says that the pullback will mean “pausing development and re-deploying resources to higher priority areas.” Insider first reported Tuesday that Google had slowed its hiring plans.
Google isn’t the only company that’s had to recently pump the brakes on hiring people: Uber has said it’ll have to be “hardcore about costs,” Meta sent a memo to employees warning of “serious times” and fierce headwinds after implementing hiring freezes for some teams, and Spotify and Snap have also announced plans to slow hiring. Other companies, like Twitter, Netflix, and GameStop, have recently decided to lay off employees.