It’s rare for Google to take such steps. The company cut some jobs during the financial crisis of 2009, but in recent years, it has gone on a hiring spree, adding more than 20,000 staff last year. It also reported $23.5 billion in capital
Alphabet shares slipped less than 1% in extended trading on Wednesday. The stock closed at $1,257.30 in New York, leave it down 6% so far this year.
Here’s the full memo:
It’s now been well over two months since we closed the first Google offices in Asia out of an abundance of caution around the spread of COVID-19. We couldn’t have imagined then how much could change, and how quickly, for so many people around the world. Our thoughts remain with those who have lost loved ones and with those who are currently battling the disease.
Despite these strange circumstances, it’s been remarkable to see us step up to meet this challenge by doing what we do best: being helpful. We’ve continued to show up for people in moments big and small, whether it’s providing accurate and
We are reevaluating the pace of our investment plans for the remainder of 2020. That starts with taking a more critical look at the pace of hiring for the rest of the year. For context, we hired 20,000 Googlers in 2019 had been targeting a similar number for 2020. We have already onboarded more than 4,000 Nooglers and Characters in the first quarter, and thousands of additional new hires are starting soon. Not only are we facing delays in getting everyone their essential equipment, such as laptops and security keys, there are challenges in getting Nooglers up to speed, trained and productive on their new teams.
Amid this uncertainty, the bright spot for me has been watching everyone pitch in to help your teammates and communities, and to make things better for the people we serve. We’ll need that same level of energy, ingenuity and teamwork in the weeks and months ahead. Working