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Google Jobs >> Google Layoffs :O

Right on the heels of my latest post about http://Jobs.Firm.IN (see http://help.com/post/219595-post-job-... ) comes this news:

webguild.org wrote:
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.

By law, Google is required to report layoffs publicly and with the SEC however, Google has managed to get around the legal requirement. In fact, one of the ways Google was able to meet Wall Street’s Q3 earnings expectations was by trimming “operational” expenses.

Google reports to the SEC that it has 20,123 employees but in reality it has 30,000. Why the discrepancy? Google classifies 10,000 of the employees as temporary operational expenses or “workers”. Google co-founder Sergey Brin said, “There is no question that the number (of workers) is too high”.

Source: http://www.webguild.org/2008/11/googl...

When will Google be releasing a Google Sweatshop application? OMG — Any day, now… any day now: I shall be released? >> http://www.bobdylan.com/#/songs/i-sha...

This open post was written 1 year ago | V/U/S: 166, 2, 1 | Edit Post | Leave a reply | Report Post


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businessstartupsmall edited this post 1 year ago. Read the previous text »

Google Jobs >> Google Layoffs :O

[quote webguild.org]
Right on the heels of my latest post about http://Jobs.Firm.IN (see http://help.com/post/219595-post-job-... ) comes this news:

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.

By law, Google is required to report layoffs publicly and with the SEC however, Google has managed to get around the legal requirement. In fact, one of the ways Google was able to meet Wall Street’s Q3 earnings expectations was by trimming “operational” expenses.

Google reports to the SEC that it has 20,123 employees but in reality it has 30,000. Why the discrepancy? Google classifies 10,000 of the employees as temporary operational expenses or “workers”. Google co-founder Sergey Brin said, “There is no question that the number (of workers) is too high”.
[/quote]

Source: http://www.webguild.org/2008/11/googl...

When will Google be releasing a Google Sweatshop application? OMG — Any day, now… any day now: I shall be released? >> http://www.bobdylan.com/#/songs/i-sha...

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