Google begins layoffs

March 29, 2009 – 3:23 am – No Comment

You know that times are tough when Google has to lay off workers. Google isn’t tied to newspapers that are hemorrhaging money, or financial services that are being blamed for the entire credit crisis…Google just wants to make sure its profit margins are protected and to cut back where it can.

It is actually only laying off less than 1% of its entire workforce.

Google’s fortunes are tied to ad spending that’s dwindling as both marketers and consumers squirrel away more cash. Although Google’s revenue has continued to rise during 15-month-old recession, some analysts say they believe the Mountain View-based company may finally be suffering its first quarter-to-quarter decline since it went public in 2004.

Internet advertisers aren’t paying as much for ads as they were a year ago so as the above paragraph says, Google isn’t making the same amount of money it once was.

Google is an internet giant. While it may make its money from ads, the numerous services it offers to customers could bring the company in extra money if they wanted to charge for them or add in features to pay for.

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