- Alphabet is facing slowing growth as advertisers pull back spending, and the company has reportedly cut some employee perks.Now, Google's parent company faces slowing growth amid a decelerating economy and a pullback in advertising spending."We're constantly working to make sure everyone we've brought in is working on the most important things as a company... that's a lot of what sharpening our focus has been about," CEO Sundar Pichai told investors and reporters on a call on Tuesday."We are reviewing projects at all scales pretty granularly to make sure we have the right plans there, and, based on that, the right resourcing, and making course corrections.Alphabet has said it will reduce the pace of hiring, and it has reportedly cut back on perks like employee travel and team offsites."