If you want to get Trending in your email inbox every week, just click here.Depending on where you're sitting, the same string of words can delight or distress you. That's what I was thinking when I heard Google CFO Ruth Porat, during the company's Q1 earnings call on Tuesday, explain that "after a decade of growth there have to be opportunities for added efficiency.
To any Googlers who tuned in though, the CFO's comments probably struck a less reassuring chord. Efficiency kind of rhymes with redundancy, which is another way of saying layoffs. . Yes, Google is backing off the aggressive hiring plans it started the year with. But Google isn't actually planning to reduce its headcount — which now tops 123,000 full-time employees — nor even to freeze hiring.
If we assume, for the sake of argument, that Google's headcount grows by only 16% this year, that translates to an additional 20,000 new hires. That's a lot of onboarding, whether the By contrast, during the Great Recession more than a decade ago, Google's headcount in 2009 declined by about 350 employees. By 2010, Google's headcount was growing again, swelling by more than 4,000 souls in 12 months.The up and comers, born during the last recession, are not as omnipotent as we thought:
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