Revenue for S&P 500 companies is forecast to have risen more than 10% in the second-quarter, but earnings could be up a less impressive 5.5%. Blame shrinking profit margins. Read More...
MarketWatch
Google plans to scale back hiring this year: report
Joining a long list of tech firms, Alphabet Inc.’s Google intends to reduce hiring for the rest of 2022 with the threat of recession, company Chief Executive Sundar Pichai said in an email to staff Tuesday. “Moving forward, we need to be more entrepreneurial, working with greater urgency, sharper focus, and more hunger than we’ve shown on sunnier days,” Pichai wrote in an email viewed by Bloomberg. “In some cases, that means consolidating where investments overlap and streamlining processes.” Go
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