-- Google Finance, Govt, Policy and Business Issues
---- Google May Lay Off up to 10,000 Workers
tedster - 11:15 pm on Nov 26, 2008 (gmt 0)
Google has been quietly laying off staff and up to 10,000 jobs could be on the chopping block according to sources. Since August, hundreds of employees have been laid off and there are reports that about 500 of them were recruiters for Google.
...There is no question the economic downturn is hitting Google hard and with the slowdown in online advertising, their troubles are just beginning.
The story goes on to explain that these workers are in temporary positions or are independent contractors. So Google is trimming these operational expenses, just as many other companies today are seeking internal economies to deal with the financial challenges of the day.