What is common to hiring slowdown in Google and Microsoft?
Microsoft has already had two small rounds of job cuts, and has eliminated many open roles in a bid to slow hiring
After reporting earnings and revenue that missed expectations, Google parent Alphabet Inc. said on Tuesday it would slow hiring and control expenses, signaling that it was girding for tough times ahead as the economy falters. Microsoft will also aim to limit expenses, particularly around hiring. Alphabet Chief Executive Officer Sundar Pichai said the company was “focused on moderating operating expense growth." Chief Financial Officer Ruth Porat, meanwhile, said she expected headcount additions to fall by more than half in the fourth quarter compared with the previous period.
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