Alphabet to slow hiring for the remainder of 2022 amid rising US inflation

Alphabet joins a slew of companies who have taken similar measures in view of prevalent economic conditions

Google CEO Sundar Pichai file photo. Credit: Reuters File Photo

Alphabet Inc said on Wednesday it would slow the pace of hiring for the rest of the year, the latest company to make such a move as decades-high inflation and the fallout from the Ukraine crisis pressure businesses.

Also read | Stocks and euro slip ahead of key US inflation data

"Like all companies, we're not immune to economic headwinds," the owner of search giant Google said in a filing.

Hiring efforts will be focused towards engineering, technical and other critical roles, it added.

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