Tech

Some tech firms hit the hire stop button

Apparently, Salesforce is the latest firm to break the brakes on recruitment and reports of freezes and leaks that affect rising tech workers. Twitter, Meta, and Uber are among the companies that have delayed hiring for various reasons in recent weeks, amid rising inflation and continued stock market sales.

“Since the pandemic began, organizations have accelerated their digital transformation to support new ways of working and customer access,” said Jamie Kohn, director of research at Gartner HR practice. “Technology companies are at the heart of life. Now, they are taking a step back to reassess what they need for future growth. So, these freezes are likely to be short-term breaks. ”

Big tech companies contrast the freeze with the broader recruitment environment for tech workers, with a continuing shortage of talent.

“Outside of the technology industry, the demand for technology roles is still quite high,” Kohn said. “Many companies are still struggling to recruit the talent they need to support their growing technology needs. Technology workers will still have many options in the job market, even if they are not in big technology companies. ”

Salesforce cloud software vendor will suspend recruitment to certain open roles in an attempt to control expenses, according to the Business Insider has seen an internal memo. A number of corporate and company travel sites will also be canceled, according to the report on Wednesday. (In a statement, Salesforce said it plans to hire 4,000 workers this quarter.)

Meta, which owns Facebook, also plans to lay off new employees for a number of engineering roles, according to An Rinn, which recorded a one-handed internal meeting at the company. The hire freeze follows a decision to reduce spending in certain areas at the start of the COVID-19 pandemic, including building video and audio call features to combat Zoom and new shopping features.

Copyright © 2022 IDG Communications, Inc.

Some tech firms hit the hire stop button

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