March 29, 2009
Google Still Hiring?
Google announced Thursday that it plans to cut nearly 200 marketing and sales jobs from its international operations.
Google's rapid growth resulted in some job duplications and the company "over-invested" in some areas, Google senior vice president of sales and business development Omid Kordestani said.
The Internet search giant has acknowledged over-hiring in certain areas when it announced the 200 layoffs on Thursday.
In January, Google said it would eliminate 100 full-time recruiters and it said the shuttering of its broadcast radio advertising business could result in 40 layoffs in February.
Google is an organization of more than 20,000 people doing an incredibly diverse array of jobs, said spokesman Matt Furman.
"Overlapping organizations in one part of the company, doesn't affect the limited need for more people in another part of the company," he added.
The company says half of the roughly 360 job openings are in Google's U.S. operations, while the rest are in far-flung locations, including Ireland and Australia.
"I imagine they're probably shifting resources in certain areas," said Gabelli & Co analyst Robert Haley, who has a "Buy" rating on Google.
While the industry-wide slowdown in advertising spending is affecting all online Internet companies, including Yahoo Inc and Time Warner Inc's AOL, Haley said he expects Google's revenue to continue to grow this year.
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