As part of its ongoing hiring slowdown, Alphabet, the parent company of Google, announced on Wednesday that it will reduce its global recruiting team by a few hundred employees.
The tech giant said that the layoffs are not part of a broader workforce reduction and that it will keep most of the recruiters for filling essential roles. It also said that it will assist the affected employees in finding new opportunities within or outside the company.
Alphabet is the only “Big Tech” company to announce layoffs this quarter, while its rivals like Meta, Microsoft and Amazon have already made significant cuts to their staff earlier in 2023 amid a weak economy that ended their hiring booms during the pandemic.
In January, Alphabet slashed about 12,000 jobs, shrinking its workforce by 6%. According to a report by employment firm Challenger, Gray & Christmas, layoffs in the U.S. increased more than three times in August compared to July and almost four times compared to a year ago.
Alphabet Inc. remains the largest investor of JP Morgan Global Growth & Income Plc