Google has announced that it will cut its marketing and sales staff , joining other companies that have targeted this department in the face of the crisis. Reuters reports that 200 positions in the area will be eliminated . However, a spokesman has insisted that it will try to relocate as many employees as possible, although he has acknowledged that it will be impossible to do so with all of them.
The online search giant is also suffering in times of bc data india recession. The company itself has stated that its rapid pace of growth has led to bad decisions, such as investing too much in the wrong sectors. Added to this is the rapid cutback in advertising spending.
"When companies grow this fast it's almost impossible to get everything right, and we certainly didn't," Omid Kordestani, Google's senior vice president of general sales and business development, said on the company's blog on Thursday.
This is the second wave of layoffs that the company, which has a workforce of approximately 21,000 workers, has faced so far in 2009. In January, it was reported that 100 people were laid off and in February it is expected to lay off another 40.
Data from comsCore places Google as the undisputed leader of the online market, with a 63% share. 97% of the $21.8 billion it earned in profits last year came from advertising.