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Tag: hiring freeze

  • Amazon Freezes Corporate Retail Hiring for Remainder of 2022

    Amazon Freezes Corporate Retail Hiring for Remainder of 2022

    Amazon is continuing its hiring freezes, pausing hiring in corporate retail for the remainder of 2022.

    Amazon has been working to reduce its headcount as a result of the economic downturn. The company had already prepared to flatten hiring for its Global Corporate Affairs (GCA) group and relied on attrition to reduce its headcount by 100,000 across the company.

    According to The New York Times, the company sent an email to recruiters telling them it was pausing hiring for its corporate retail division. As the Times points out, there were 20,000 such open jobs as recently as Monday.

    Amazon reportedly told recruiters not to describe the situation as a “hiring freeze,” but said all the open jobs should be closed and new jobs will not be posted until next year.

    Candidates that had interviews scheduled before October 15 may be grandfathered in and receive offers if they are a good fit. Even if they are hired, however, they will not start their new jobs until next year.

    “Amazon continues to have a significant number of open roles available across the company,” Brad Glasser, an Amazon spokesman, told the Times in a statement. “We have many different businesses at various stages of evolution, and we expect to keep adjusting our hiring strategies in each of these businesses at various junctures.”

  • Intel the Latest Company to Implement a Hiring Freeze

    Intel the Latest Company to Implement a Hiring Freeze

    Intel joins a growing list of companies that have initiated a freeze on hiring over fears of an impending economic downturn.

    After two years of significant growth, the tech industry is starting to feel the pangs of a pullback. The global pandemic helped drive spending in the cloud, as well as personal computers, tablets, gaming consoles, and more. Supply chain constraints and the semiconductor shortage helped keep demand high and profits equally high. With a return to normal, not to mention soaring inflation, tech companies are beginning to feel the pressure and are responding with hiring freezes.

    “Increased focus and prioritization in our spending will help us weather macroeconomic uncertainty, execute on our strategy, and meet our commitments to customers, shareholders, and employees,” Intel said in a statement to Fortune.

    According to a memo Reuters gained access to, the company is freezing hiring for its client computing group, the division that creates desktop and laptop semiconductors.

    Intel is in the midst of working to turn its fortunes around. Since Pat Gelsinger became CEO, the company is trying to regain the ground it’s lost over the last few years. The company is focusing on closing the technological gap with AMD and TSMC, as well as working to increase production.

    It remains to be seen what impact the hiring freeze will have on the company’s plans, let alone the economic downturn in general.