Coronavirus forces Google to slow hiring
At this point, Alphabet and Google hasn't announced job cuts
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Alphabet CEO Sundar Pichai has told staff that the company is slowing hiring for the rest of the year as the global economy is battered by the coronavirus.
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The details went out to employees from a company memo reported by Seeking Alpha.
At this point, Alphabet and Google hasn't announced job cuts.
Contractors in its offices will have wages and benefits covered for a certain period.
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"Just like the 2008 financial crisis, the entire global economy is hurting, and Google and Alphabet are not immune to the effects of this global pandemic," Pichai said in a staff memo.
The company plans to prioritize hiring employees who address its business needs.
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The coronavirus has hit the retail and travel sectors hard, both of which are major Google advertisers, according to Bloomberg.