Google CEO Warns Employees of Slowing Hiring, Asks Staff to Be More 'Entrepreneurial'
Google CEO Sundar Pichai told employees in an email Tuesday that parent company Alphabet plans to slow hiring and that employees "need to be more entrepreneurial," according to TechCrunch.
The outlet cited leaked email information from CNBC and the Wall Street Journal. Google confirmed the authenticity of the email in a statement to Entrepreneur.
"We must be more enterprising in working with greater urgency, sharper focus and more hunger than we showed on sunnier days," Pichai wrote to staff.
Pichai also said in the leaked memo that he was nervous about the economy in general and that the company would "slow the pace of hiring for the rest of the year" while focusing on " engineering, technical and other critical roles", for 2022 and 2023.
Alphabet is the latest in a series of tech companies to aggressively pull out after a pandemic-era hiring bonanza: From late March 2021 to March 2022, Alphabet said it hired more than 23,000 people, according to the company's latest earnings report.
But the party is over: its shares are down about 22% year-to-date. However, Pichai wrote that they hired 10,000 people in the second quarter, CNBC noted.
Entrepreneurs also likely had to be more enterprising as the broader economic environment seeped from large, publicly traded tech companies to startups, TechCrunch reported.
"Scarcity breeds clarity: it's something we've been saying since the early days of Google," Pichai reportedly added.
Can rituals fix our soulless corporate culture? A ritual creator says yes, but some fear giving themselves even more in the office.
Want to increase your sales? Take advantage of this branding hack.
These college kids bought a custom t-shirt company with their Bar Mitzvah money. It's now a $40 million business.
5 streams of income that will increase your wealth
This cult pottery brand was founded by Henri Matisse's great-grandson. Now his factory is
Google CEO Sundar Pichai told employees in an email Tuesday that parent company Alphabet plans to slow hiring and that employees "need to be more entrepreneurial," according to TechCrunch.
The outlet cited leaked email information from CNBC and the Wall Street Journal. Google confirmed the authenticity of the email in a statement to Entrepreneur.
"We must be more enterprising in working with greater urgency, sharper focus and more hunger than we showed on sunnier days," Pichai wrote to staff.
Pichai also said in the leaked memo that he was nervous about the economy in general and that the company would "slow the pace of hiring for the rest of the year" while focusing on " engineering, technical and other critical roles", for 2022 and 2023.
Alphabet is the latest in a series of tech companies to aggressively pull out after a pandemic-era hiring bonanza: From late March 2021 to March 2022, Alphabet said it hired more than 23,000 people, according to the company's latest earnings report.
But the party is over: its shares are down about 22% year-to-date. However, Pichai wrote that they hired 10,000 people in the second quarter, CNBC noted.
Entrepreneurs also likely had to be more enterprising as the broader economic environment seeped from large, publicly traded tech companies to startups, TechCrunch reported.
"Scarcity breeds clarity: it's something we've been saying since the early days of Google," Pichai reportedly added.
Can rituals fix our soulless corporate culture? A ritual creator says yes, but some fear giving themselves even more in the office.
Want to increase your sales? Take advantage of this branding hack.
These college kids bought a custom t-shirt company with their Bar Mitzvah money. It's now a $40 million business.
5 streams of income that will increase your wealth
This cult pottery brand was founded by Henri Matisse's great-grandson. Now his factory is
What's Your Reaction?
