Google parent Alphabet Inc. said Wednesday it would slow the pace of hiring for the rest of the year, the latest company to make such a move as decades-high inflation and the fallout from the Ukraine crisis pressure businesses.

"Like all companies, we're not immune to economic headwinds," the owner of search giant Google said in a filing.

Hiring efforts will be focused towards engineering, technical and other critical roles, it added.

Record-high inflation not seen since 1981 and the fallout from the Ukraine crisis have pressured many companies across the globe to consider laying off people or put a freeze on hiring.

From Alibaba and Alphabet, to Tesla, Facebook, Twitter and Warner Brothers, companies across the globe have announced layoffs or frozen hiring to rein in costs.

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