World’s Largest Tech Giants Microsoft & Google to be Stop New Hiring – Shock Report! For the past 2 years, various types of industrial establishments have been shut down due to the COVID pandemic. But the growth has been seen in the information technology sector was immense during the Covid period. As such, the worldwide information technology firms have significantly increased their new hire rates in the past. In particular the Indian based IT firms like TCS, Infosys, HCL hired new employees in lakhs at every financial year.
But the world’s largest tech giants Microsoft Corp Google and LyftInc are planned to eliminate new job openings. Google’s parent company Alphabet Inc is almost stopped the new recruitment. On this related the CEO SundarPichai told that, in this financial year Google added 10,000 for the last 2 two quarters and it will be slowing the pace of hiring for the rest of the year. The Amazon.com Inc said, ‘As the covid variant subsided in the second half of the quarter and employees returned from leave, we quickly transitioned from being understaffed to being overstaffed, resulting in lower productivity’.
According to the CEO of Amazon Inc, It needs more time to figure out how much space employees will require for hybrid work. The world’s number one streaming giant Netflix Inc has reported the loss of 200,000 subscribers in the first quarter. In April, it began scaling back some marketing initiatives, then cut 150 employees in May and 300 in June. More over Twitter Inc is now freezing new hiring. Likewise an online car retailer CarvanaCo, has fired out 12% employees in May, 2022.
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