Google is cutting 200 sales and marketing positions to save costs as companies worldwide slash their online advertising budgets, Bloomberg reports. Company officials hope the trims will also help streamline the decision-making process. The jobs will be eliminated globally, and employees have been encouraged to seek new positions within the company.
"Google has grown very quickly in a very short period of time," an executive wrote on Google's blog. "When companies grow that quickly it's almost impossible to get everything right—and we certainly didn't." Business analysts hailed Google's new-found thriftiness and predicted the business would weather the recession well.