LayoffBlog.com

January 8, 2009

Google Layoffs: 6000 Cut – Details Kept Off Web

WebGuild reports: Today, in documents obtain by the Associated Press, Google filed a paper document with the SEC stating that “a substantial number of temporary workers” had been laid off. The company has sought special exemption to keep the document from circulating on the Web.

The document states that Google has 24,400 employees, however on  September 30, 2008 the company reported  to the SEC that it had 20,123 employees when in reality it had 30,000. At that time Google did not report the 10,000 temporary employees to the SEC, because Google wanted the option to lay off employees on demand to meeting earning expectations without reporting to the SEC.

Now the company says 4,300 of the 24,400 employees are temporary. So why report temporary employees now and not then? Why get an exemption to keep the documents private?

Further the company reported 30,000 employees on November 24, 2008 and 24,400 on Dec 15, 2008. Where did 6,000 employees disappear to in 3 weeks?


December 3, 2008

Google Gears Down for Tougher Times

According to WSJ: “with the U.S. economy in a recession, Google is ratcheting back spending and cutting new projects. “We have to behave as though we don’t know” what’s going to happen, says Google Chief Executive Eric Schmidt. The company will curtail the “dark matter,” he says, projects that “haven’t really caught on” and “aren’t really that exciting.” He says the company is “not going to give” an engineer 20 people to work with on certain experimental projects anymore. “When the cycle comes back,” he says, “we will be able to fund his brilliant vision.””

November 24, 2008

Google slows hiring but Schmidt says firm is still doing ‘exciting and crazy things’

According to Bloomberg News: “Google, owner of the most popular Internet search engine, is adding fewer employees and focusing on controlling expenses amid the global economic slump, CEO Eric Schmidt said Monday. “We have slowed our hiring, but we’re still hiring,” he said in an interview. ”We’re still doing the same kinds of exciting and crazy things that Google always does.”Google is grappling with an economic slowdown that is curbing growth in online advertising, while competition intensifies with Yahoo and Microsoft. Schmidt said that while the ad market may be shrinking, Google benefits from its ability to target specific users.

Google, which had more than 20,000 employees at the end of the third quarter, up from almost 11,000 at the end of 2006, added 519 workers in the third quarter, compared with 2,130 in the same period a year earlier.

Google fell $4.99 to $257.44 Monday in Nasdaq Stock Market trading. The shares have lost 63 percent this year.”

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