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Google To Shed Jobs
By Zacks Investment Research on March 28, 2009 | More Posts By Zacks Investment Research | Author's Website
Google Inc. (GOOG) is planning a workforce reduction of 200 in its sales and marketing operations, as the Internet’s most profitable company feels the pinch of a global economic meltdown.
The Mountain View-based search giant, affected by the slump in advertising spending, had eliminated about 100 recruiters in January. It cut another 40 positions when it closed its radio-programming business in February.
GOOG said that it had hired too many employees during its phase of rapid expansion.
“In some areas we’ve created overlapping organizations which not only duplicate effort but also complicate the decision-making process? Mr. Omid Kordestani, Google’s senior vice president for global sales and business development, said in a report posted on Google’s corporate blog.
“We over-invested in some areas in preparation for the growth trends we were experiencing at the time? he continued.
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