Hot on Facebook

Guy Buys $123 Safe on eBay, Finds $26,000 Inside Seller tries to get half the cash back, fails »

Google Cuts 200 Jobs

Search king slashes sales jobs as recession shrinks revenue

By Rob Quinn, Newser Staff

Posted Mar 27, 2009 2:07 AM CDT

(Newser) – 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.

[Images (2)]

[Quotes (1)]

Google has eliminated 200 jobs in its sales and marketing division as part of a drive to cut costs. (AP Photo/Paul Sakuma)

Google cut 100 recruiting jobs in January, and closed its radio programming business in February. (AP Photo/Paul Sakuma)

« Prev« Prev | Next »Next » Slideshow

We were over invested in some areas. Those investments were based on assumptions about economic growth that made sense at the time, but don’t anymore.
- Google spokesman Matt Furman

« Prev« Prev | Next »Next » Slideshow

To report an error on this story, notify our editors.

More Newser Stories

US Loses 524K Jobs; Unemployment Hits 7.2%

Makes 2008 worst year for employment since 1945

(NEWSER) - Employers cut 524,000 jobs in December, which, on the heels of November’s decline of 584,000, made 2008 the darkest year of job losses since the end of World War II, Bloomberg reports. Those numbers were in line with forecasts, but the jobless rate topped its forecast by rising to 7.2%, a 15-year high. “We’re seeing pretty ugly numbers,” said one economist. “The recession is worsening.” More»

Citi Cutting 4,500 Jobs

Bank faces 'extremely challenging' conditions, CEO says

(NEWSER) - Citigroup plans to cut some 4,500 jobs—2% of its global workforce—in the coming months as it "faces an extremely challenging operating environment," CEO Vikram Pandit warns. Pandit, who has cut more than 100,000 jobs at Citi since taking charge in 2007, says regulatory changes and the euro zone crisis are among the factors forcing the company to cut costs as revenue slumps, Reuters reports. More»

Google Looking to Buy Yahoo

Google wants more users for Google+, more advertising markets

(NEWSER) - Google is trying to buy rival Yahoo and has talked to at least two private equity firms about financing the deal, reports the Wall Street Journal . Despite Internet ad revenues soaring around 20% a year, Yahoo revenue has foundered for several years, spurring talk the Internet giant could go private to regroup away from the pressures of the stock market. Google is apparently interested in finding a new outlet for its omnipresent ads, Yahoo's exclusive publishing relationships, and the boost that Yahoo's 700 million unique monthly users could give Google+ . More»

Devices Spy on You 24 Hours a Day

Personal data sells for billions of dollars

(NEWSER) - Companies are observing nearly every move you make and selling your personal data for billions of dollars—and Washington appears helpless to stop them, the Los Angeles Times reports. Whether it's your smart phone, cable box, Facebook page, or video game, devices are amassing reams of data on your location, viewing habits, personal tastes, and much more. "Essentially, each of us is being tailed," says a digital rights advocacy lawyer. More»

Postal Service Wants to Cut 120K Jobs

It also aims to exit federal health, retirement plans

(NEWSER) - The US Postal Service is looking to cut 120,000 jobs—20% of its workforce—and pull its workers out of federal health and retirement plans, reports the Washington Post . USPS would replace those benefits plans with new ones of its own. The proposal, which would include layoffs currently banned by union contracts, requires the approval of Congress. “We will be insolvent next month due to significant declines in mail volume and retiree health benefit prefunding costs imposed by Congress,” the organization told employees. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Google Cuts 200 Jobs