Alphabet plans to ease hiring in second half of 2022
Justin Sullivan

Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) intends to slower its hiring in the second half of 2022 stating that like all companies theyâre not immune to the overall economic headwinds.
In a letter dated on July 12th, the tech giant said âbecause of hiring progress achieved so far this year, weâll be slowing the pace of hiring for the rest of the year.â
Alphabet also added that the roles it will look to staff will be geared towards engineering, technical and other critical roles.
Decade high levels of inflation and recessionary outlooks has Alphabet pulling in the reins on hiring. Moreover, markets are set to get new inflationary data at 8:30 a.m. ET on Wednesday as the June CPI print is due out.
Alphabet price action: premarket -0.2%, year-to-date -20.8%.
In broader market news stock index futures are climbing Wednesday as investors await the latest figures on retail inflation.