Google is the latest tech giant to slow down hiring

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Google plans to slow down hiring by the end of the year

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Google and parent company Alphabet CEO Sundar Pichai announced the news in an internal memo on Tuesday amid "uncertain global economic prospects"

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Google confirmed the letter's authenticity to CNN Business, but declined to comment further

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Alphabet had 163,906 employees at the end of March, according to a government filing

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This number increased by more than 20,000 employees compared to the previous year

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The Google memo is the latest sign that the tech sector is once again facing another reality

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Rising inflation, rising interest rates, and fears of an impending recession recently prompted many tech companies to make announcements

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that they delay the process of hiring or firing employees

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A growing number of tech companies have announced layoffs, including Netflix and Coinbase

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