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Even Google Makes Layoffs

Initiates cut-backs but still intends to spend billions on R&D and acquisitions
By Maureen O'Gara
Article Rating:
January 13, 2009 07:26 PM EST
Reads:
 1,817

The AP, God bless it, was rooting around SEC filings and discovered one sent in by Google on December 15 but not filed electronically and after some difficulty finally managed to lay its hands on a paper copy only to be rewarded with the revelation that the company has "jettisoned a substantial number of temporary workers in a recent austerity drive spurred by the recession" - maybe as many as 6,000 people.

It's also been cutting back on bennies like its famous free lunch.

Other parts of filing are redacted in the name of trade secrets but despite the economy and its cratered stock Google still intends to spend billions over the next two years on R&D and acquisitions.

Published January 13, 2009 – Reads 1,817
Copyright © 2009 SYS-CON Media, Inc. All Rights Reserved.

About Maureen O'Gara

Maureen O'Gara is the Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

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