Microsoft, Google, Apple and Meta have all slashed their hiring pace in the past month, with some putting a temporary halt to hiring.
Google has just put a two-week hiatus on hiring as it prepares to delay recruiting new talent for the rest of the year.
Senior Google VP Prabhakar Raghavan told staff this week that Google would “use this time to assess our staffing needs,” in an email.
A Google spokesperson said the company “paused most new offerings for two weeks to allow teams to prioritize their roles and hiring plans for the rest of the year”.
Microsoft is also taking an ax to its job openings, reducing open positions in various parts of its companies.
Now Microsoft’s cloud company Azure will feel the labor shortage. As Bloomberg reported this week, Microsoft is removing open positions from Azure, though it will continue to honor offers already made.
Microsoft said it was “ensuring that the right resources are aligned with the right opportunity” and that it “will continue to grow its workforce over the coming year.”
Another Bloomberg report this week, citing “knowledgeable people,” said Apple would be cutting staff and spending growth over the next 12 months.
Some parts of Apple won’t be replenished under the planned hiring delay, while others simply won’t get the same budget for new hires. Bloomberg.
The budget cuts aren’t expected to stop Apple’s product launches, including the much-anticipated mixed reality headset.
Late last month, Meta CEO Mark Zuckerberg announced similar hiring breaks and said he would raise performance expectations to squeeze out certain staff.
“Realistically, there are probably a lot of people at the company who shouldn’t be here,” Zuckerberg told staff at a recent employee meeting, the audio of which was leaked to Reuters.
“Part of my hope, by raising expectations and having more aggressive goals — and just turning up the heat a little bit — is that I think some of you might decide this place isn’t for you.”
Meta has cut its original plans to hire 10,000 engineers by 2022, by about a third.
But as the US giants slow down, Australian tech darling Atlassian is pushing full steam ahead with plans to increase its workforce from its current 8,000 employees to 25,000 by 2026.
“We’re still hiring with no plans to slow down,” an Atlassian spokesperson said.