Dec
No bonus for Google staff in 2009
Filed Under (Affiliates, Article marketing, Blogs, Ebay, Ebooks) by Deepak Shrivastava on 24-12-2008
Tagged Under : No bonus for Google staff, World Economy Problem
Google Inc, owner of the world’s most-used search engine, is giving employees mobile phones instead of cash gifts this year as it reins in costs during the recession, according to a person familiar with the matter.
About 85 per cent of workers will get a handset powered by Google’s Android operating system as a holiday gift, said the person, who asked not to be identified. Google handed out $1,000 cash gifts to most employees last year.Chief executive officer Eric Schmidt said last month that Google is seeking to control expenses and add fewer jobs as the global slump curbs online advertising growth.
The current economic crisis requires us to be more conservative about how we spend our money,” Mountain View, California-based Google said in an internal memo that was posted on technology industry blog Valleywag.The memo lists 17 countries where the phone won’t work, including Brazil, Russia,India and China. Employees in those countries will receive about $400, the cash value of the phone, Google said in the memo.
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