LayoffBlog.com

November 25, 2008

Google To “Significantly Reduce” Contractors

According to Silicon Alley Insider and CNet: “Google has about 10,000 contractors and it wants to reduce that number”.

“In an interview, Google co-founder Sergey Brin said the company has been concerned about its high contracting expense. Brin said Google augments its workforce of 20,123 employees with about 10,000 contractors.

“It’s really high,” Brin said of the number of contractors. He said Google began looking at the number six months ago and has a plan to significantly reduce that number through vendor management, converting some contractors to regular employees, and other approaches.”

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.”

Palm to cut 10% (about 1,050) employees

According to CNet: “Faced with strong competition from Apple and Research In Motion, as well as economic headwinds, Palm has decided to lay off some workers.

Valleywag reported that the layoffs could involve as many as 10 percent of the company’s 1,050 employees. A Palm representative confirmed that layoffs were taking place but did not comment on exactly how many people were affected.”

Leaks: Google To Slash Thousands of Employees

According to leaks and rumors from several online sources:

F*Startups.com: “Google will slash 1,000+ employees sometime within the next week.”

WebGuild.com: “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.”

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