Google plans to scale back hiring this year

Joining a long list of tech firms, Alphabet Inc.’s GOOGL, -1.43% GOOG, -1.44% 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.

Palantir Technologies Inc. stock outperforms market despite losses on the day

Shares of Palantir Technologies Inc. PLTR, -0.73% slid 0.73% to $9.49 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -0.92% falling 0.92% to 3,818.80 and Dow Jones Industrial Average DJIA, -0.62% falling 0.62% to 30,981.33. This was the stock’s third consecutive day of losses. Palantir Technologies Inc. closed $19.80 below its 52-week high ($29.29), which the company achieved on September 17th.

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