Google parent Alphabet’s profit slips again after CEO warns of 'economic headwinds'

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Google parent Alphabet’s profit slips again after CEO warns of 'economic headwinds'
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Despite increased revenues

that it represents the slowest growth for the video platform that Google’s seen in over two years. Compared to Q2 2021, Google’s revenue was up for pretty much all of its segments.

During the past month, Google has warned employees that times could be getting tough. Early in July, Google CEO Sundar Pichaiwarning that the company’s “not immune to economic headwinds” and saying that the company would “need to be more entrepreneurial, working with greater urgency, sharper focus, and more hunger than we’ve shown on sunnier days.” Just over a week later, the companyit was pausing hiring for two weeks, saying that it would use the time to “review our headcount.

The earnings help provide some context for those moves — Google ended Q2 2021 with 144,056 employees. By Q2 2022, that number had ballooned to 174,014.Subscribe to get the best Verge-approved tech deals of the week.Please confirm your subscription to Verge Deals via the verification email we just sent you.

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