Microsoft, Google are latest tech giants to hit brakes on hiring

2 years ago

With recession fears mounting and inflation, the war in Ukraine and the lingering pandemic taking a toll – many tech companies are rethinking their staffing needs, with some of them instituting hiring freezes, rescinding offers and even starting layoffs.

Microsoft Corp., Google and Lyft Inc. are some of the latest companies to pull back.

Microsoft said Wednesday it was eliminating many job openings.

Google is pausing hiring for the next two weeks, while Lyft is shutting down a division and trimming jobs.