Google Pulls Plug on Internal Projects
January 19, 2009
Although I stand by my comments regarding the likely record levels of paid search traffic in Q4, I should mention that are certainly signs of belt-tightening.
Engineering office are being closed, 100 recruiters are sent looking for their own recruiters, and some projects are cut entirely.
BetaNews: Now it’s Google’s turn: Big changes in a bad economy
Word is, Google is setting up an external venture fund to fund and/or incubate internal “personal time” projects.
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