Google Announces First Job Cuts, Closes Popular Services

googleGoogle has announced its first layoffs in the company’s history. The job cuts will come from the closure of three engineering offices and the layoffs of 100 recruiters. Google maintains the company is still actively hiring but at a reduced rate. Google said it expects the company to grow by 20% therefore it does not need as many people to active hire. Google has also announced other cost cutting measures with the closure of some services. Google has announced the closure of Dodgeball, Google Video, Google Notebooks, Jaiku, and more services. Users will no longer be able to upload videos on Google Video in the coming months, but existing videos will remain accessible. It is possible Google may axe some other services including Grand Central and Google Base which are not as popular.


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Hercules holds a B.Comm Finance from Ryerson University in Toronto, Canada. He is a Chartered Financial Analyst (CFA) level 3 candidate. He was previously a contributor at FiLife, a finance website owned by Dow Jones and IAC. Write to hercules@business2press.com
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  • http://www.thephoenixprinciple.com adam hartung

    If you can’t grow, what are you worth? Business is about allocating resources to growth opportunities, and layoffs indicate you can’t grow. Layoffs are an admission of no growth plans, and that means you are heading straight into the Swamp. Read more at http://www.thephoenixprinciple.com

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