
Alibaba to Spin Off Cainiao Logistics Unit for Hong Kong IPO
September 27, 2023: Chinese e-commerce company Alibaba said Tuesday that it would spin off its logistics arm, Cainiao Smart Logistics…
September 15, 2023: Alphabet’s Google to Cut Hundreds of Jobs From Global Recruiting Team Amid Hiring Slowdown.
“We unfortunately need to make a significant decrease to the size of the recruiting organization,” Brian Ong, Google’s recruiting vice president, stated on Wednesday.
“It’s not an easy decision to make, and it isn’t a conversation any of us wanted to have again this year,” Ong said.
“Given the hiring base we’ve received the following several quarters, it’s the right thing to do overall,” Ong added.
Ong said workers involved in the recruiting group reductions will receive emails starting on Wednesday.
In January, Alphabet-owned Google revealed it slashed 12,000 jobs, affecting approximately 6% of the full-time workforce. The layoffs occurred across the company, including in Google’s recruiting organization. While Google has been in cost-cutting mode since last year, Alphabet reported a 7% increase in second-quarter revenue, which was better than analysts expected.
Ong also said that employees hit in the latest layoffs will retain access to offices this week and online systems for longer. Employees had previously criticized the company for abruptly cutting off access to those who lost their jobs in January.
“We continue to invest in top engineering and technical talent while meaningfully slowing the pace of our overall hiring,” Mancini wrote. “In line with this, the volume of requests for our recruiters has decreased. To continue our important work to ensure we operate efficiently, we’ve decided to reduce the size of our recruiting team.”
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