Google shares now down 2% after hours on news of marketing budget cuts, hiring freezes.
, starting with hiring. However, Pichai, at the time, only said it would recalibrate "non-business essential marketing" and "significantly slow down" hiring. There were not mentions of such drastic budget cuts or hiring freezes.
The Google spokesperson said the company was not conducting a widespread hiring freeze but would not comment on why directors received such information.
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