Its sad to hear for those who are loosing there jobs by Google but why is google doing so?
Google is expecting to cut 200 jobs of employees saying that it had over-invested in some other parts of company.
"When companies grow that quickly it's almost impossible to get everything right and we certainly didn't", this statement was said by Google Senior Vice President of Global Sales and Business Development Omid Kordestani.
Google had employed around equal, less or more than 2100 employees. The company do not disclose how many staff workers are working in company.
Google is the No. 1 search engine in the United States, with a roughly 63 percent market share, according to comScore. In 2008, 97 percent of Google's $21.8 billion in revenue came from advertising.
Shares of Google finished regular trade up 2.68 percent, or $9.22, at $353.29 on Nasdaq on Thursday.
Source: news.yahoo.com
0 comments
Post a Comment