Google Slows Down Recruitment Process While Microsoft Announces Job Layoffs

After its fiscal year ended on June 30, Microsoft Corp. restructured business groups and roles, which resulted in some job cuts on Monday. It stated that it intended to continue hiring for additional positions and end the current fiscal year with more people employed. Less than 1% of the 180,000-person workforce was affected by the layoffs, which were spread out geographically and affected several groups including consulting and customer and partner solutions, according to the Redmond, Washington-based corporation.

“Today, there were only a few role eliminations. Like any business, we regularly assess our business goals and make appropriate structural modifications “Microsoft stated in a statement sent by email. “Overall headcount will increase in the coming year as we continue to invest in our business.”

Google Plans To Slow Down Hiring

In light of a probable economic downturn, Alphabet Inc.’s Google plans to reduce hiring for the rest of the year, Sundar Pichai, the CEO announced in an email to staff on Tuesday.

“Going forward, we must be more enterprising, functioning with a greater eagerness, sharper concentration, and greater hunger than we have shown on brighter days, “Pichai penned. “In some circumstances, that entails reducing procedures and combining where investments overlap.”

Microsoft Corporation Adjustments

As it makes adjustments for the new financial year, Microsoft has recently announced job layoffs just after the US holiday of July 4. The business said that the worsening economic situation was not the cause of the layoffs, but in May it also delayed recruitment in the Windows and Office departments.

In the industry surrounded by technologies, it is evident that Google has been unaffected by the ongoing obstacles and downturns. For more than ten years, an economic meltdown is quite evident for which this giant firm has paused the process of recruitment. However, Google can be seen continuing its recruitment process for its other subsidiary advertising industries such as wearable technology, self-driving vehicles, and cellphones which do not generate much revenue. Alphabet, the company that owns Google and had 1.64 lakhs employees approximately as of March 3. Moreover, the firm has mostly hired new industries like hardware and cloud division.

Changes In Structures Of Google And Microsoft

Google’s action is moreover similar to those of other Information technology organizations. Lyft Inc. and Snap Inc. announced that they would cut down on the process of recruitment in May. A few months later, Instacart Inc. announced that it will cut down its pace of recruiting. Meanwhile, Tesla Inc. announced a 10% cut in the payment of its existing employees. Microsoft Corp., a market rival of Google, stated earlier this week that it has been eliminating a few potential job positions. Additionally, Meta Platforms Inc. scaled back its hiring ambitions due to worries about the state of the economy.