Google CEO Sundar Pichai sent an internal memo on Tuesday, said the company will "slow down the pace of hiring for the rest of the year." In the face of economic uncertainty, Pichai asked employees to "be more entrepreneurial."
Pichai said the uncertain global economic outlook has been his top concern. Like all companies, Google is not immune to economic headwinds. However, Google has never seen these types of challenges as obstacles, but as opportunities to deepen the company's focus and long-term investment.
In this economic climate, Pichai asks employees to demonstrate greater entrepreneurship, greater urgency, sharper focus, and greater hunger than in good times. In some cases, Google needs to consolidate where investments overlap and simplify the process. In other cases, this means pausing development and redeploying resources to higher priority areas.
He also said that Google isn't freezing hiring outright, but that the company will be slowing hiring for the rest of the year, given its hiring progress so far this year. For the rest of 2022 and 2023, Google will focus its hiring on engineering, technology, and other key roles, and ensure that the company is hiring the best talent that aligns with long-term priorities.