Open source foundations will go to bankruptcy without subsidies from Google and others.
Are you ready for the dot com bubble 2.0? :-D
Google to Slow Hiring for Rest of 2020
51–60 of 305 posts
Re: Google to Slow Hiring for Rest of 2020
#52It's briefly mentioned in the article, but Google actually shed jobs during the financial crisis. Facebook is the company that ramped up hiring newly available talent.
Eric Schmidt says that's the worst mistake he made as CEO of Google, though. They were well-positioned to clean up all the good engineers in Silicon Valley (lots of cash, solid business) and instead Facebook catalyzed their growth. I think they haven't forgotten, and that's why this isn't a blanket hiring freeze, it's them getting more selective. (Technically, '09 wasn't a hiring freeze either: I was hired in Jan 2009. My Noogler class had 13 people hired across all of Google for the 3 weeks it covered, and half of them had received their offers in July '08 - so effectively it was a hiring freeze.)
Re: Google to Slow Hiring for Rest of 2020
#53A lot of companies are cutting back big time on advertising spend and that’s Google’s sacred cow of revenue so this isn’t a surprise.
I work in digital advertising. Spend* is up. Companies are diverting their traditional advertising budgets into digital. I'd be surprised if Google is unable to capitalize on this. edit: I want to clarify it's strictly ad spend/booking. It's companies committing budgets. They know they will want to run ads and will run more ads. The ads haven't actually run yet, so ad payouts will tank.
https://adrevenueindex.ezoic.com/ down like 30-40% year over year. Which matches what I've seen at my sites.
Re: Google to Slow Hiring for Rest of 2020
#54I guess I'm lucky I got my approval just today.
My recruiter did mention things are slowing down drastically.
Re: Google to Slow Hiring for Rest of 2020
#55If even Google, which is pretty much the pinnacle of Silicon Valley tech, is slowing down, imagine what the Chinese tech scene must be like.
Re: Google to Slow Hiring for Rest of 2020
#56I’ve been stuck in the final SVP approval part of their hiring process for a week. At this point I think I’m just going to keep my current job. Too bad — seemed like a good time to get equity at a good “strike” price
Google has a notoriously slow hiring process. For new grads and internships, the time between initial coding assessment to final hiring confirmation is often several months.
I purposely delayed my interview despite recruiter encouragement to get it over with, but I interviewed on March 20th, I was hired on the 30th (I think, it was in the week after the interview, I team matched by the end of the week), and I will onboard (unless something bad happens) next Monday. I’ve found Google to be much faster than I thought.
Re: Google to Slow Hiring for Rest of 2020
#57People on Blind are posting that it's more than just slowing.
It can't be more than a simple slow. This crisis decimated their revenues while increasing their huge subsidized operational costs like bandwidth. Take for instance YouTube. Just imagine the cost to operate the site increasing exponentially overnight (because of all the quarantined people) while their ad business goes down. You're in the worst possible situation for a business with a model that is heavily dependent o…
I mean it's worse than just slowing down hiring (according to Blind).
Re: Google to Slow Hiring for Rest of 2020
#58If even Google, which is pretty much the pinnacle of Silicon Valley tech, is slowing down, imagine what the Chinese tech scene must be like.
Comparing Chinese tech companies with Google here feels like comparing apples and oranges and also "Chinese tech companies" is too big a entity to be compared with a single company.
But scenes at Yahoo/Reddit/Baidu and other smaller ads-driven companies aren't pretty
Re: Google to Slow Hiring for Rest of 2020
#59I’ve been stuck in the final SVP approval part of their hiring process for a week. At this point I think I’m just going to keep my current job. Too bad — seemed like a good time to get equity at a good “strike” price
I was rejected by an SVP at Google. Recruiter was surprised but said it happens. Said I did a good job and could pick a different role (wasn’t for SWE), got the offer the second time around but had to start all over and got passed to a new recruiter.
Re: Google to Slow Hiring for Rest of 2020
#60I wonder if so many layoffs, freezes etc. happening at the moment are directly due to the crisis or something that was long overdue and can now be done without much negative PR.
Google depends on advertisers to make money, and the writing is on the wall for these advertisers.