Friday, March 27, 2009

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Google cuts 200 in second reduction of downturn

Source: MarketWatch
Google Inc. said Thursday it will cut nearly 200 jobs in its global sales and marketing teams due to unchecked growth and "overlapping organizations." The search giant announced the cuts in a posting on a company Web site.

Google announced its first-ever cuts of full-time employees in January, when it said it would eliminate 100 positions from its recruiting organization.

"In some areas we've created overlapping organizations which not only duplicate effort but also complicate the decision-making process," Google's senior vice president of global sales and business development, Omid Kordestani, wrote in the online posting Thursday.

"That makes our teams less effective and efficient than they should be. In addition, we overinvested in some areas in preparation for the growth trends we were experiencing at the time," he elaborated. Once criticized by Wall Street analysts for its torrid hiring pace, Google has in recent months sought to reduce its acquisition of new employees to a trickle. It has reported having 20,222 full-time employees as of Dec. 31. Google is only one of a number of technology giants opting to cut jobs amid the economic crisis.

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