Google forced to make cutbacks
In the corporate world Google is known as a fairly free with its cash. This is why it’s seen as such a good place to work. Google employees, a group of people that often seems to be growing exponentially, get free meals, very competitive pay packets and, best of all, they’re allowed pursue pet projects on company time (one of the reasons Google always seems to be announcing some new product or initiative).
Unfortunately for the tech industry’s most mollycoddled work force, things may be changing. This week Google announced that, due to the recession’s impact on the online advertising market, they are to lay off 100 recruiters, a fairly sure sign that the employment bonanza of the last few years is coming to a halt. There’s also bad news for the small pet projects after Google also announced that they would be halting development of several minor initiatives.
This new belt tightening may make it hard for the next small, one person, mail-goggles type project to get off the ground, though the benefits will be felt by larger projects.
Since the cost-cutting is unlikely to actually save that much money, it is thought that the intention is to free up more engineers and other resources for core projects, shoring up market share.
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