In an internal email, Sundar Pichai tells Alphabet employees that the company will slow the pace of hiring for the rest of 2020 as it re-evaluates investments
- Company is ‘recalibrating’ spending on data centers, servers — Covid-19 crisis is affecting richest Silicon Valley businesses
Major news from Google that the company is slowing hiring and capex for the rest of 2020. Sundar Pichai says the lesson from 2008 is to act early, which tells us how long he thinks this period is going to last. https://www.bloomberg.com/... https://twitter.com/...
People are starting to make decisions beyond the next 2 months, acknowledging that this won't be over soon, and there won't be a quick recovery. https://twitter.com/...
This is a big deal. Google hired 20,000 people in 2019 and was aiming to do the same this year. Scaling that way back shows how concerned they are about the potential financial impact of Covid https://twitter.com/...
Alphabet CEO Sundar Pichai says Google and its parent company will slow hiring for the remainder of the year https://www.bloomberg.com/... via @technology
Also noteworthy from the memo — Google will be “recalibrating the focus and pace of our investments in areas like data centers and machines” — can read full one here. https://www.bloomberg.com/...