200 workers fired by Google company
The economic recession exists, and unfortunately even the most profitable companies are feeling the effects. Comcast announces that almost 200 workers from Google are in danger to loose their jobs.
Even if Google’s earnings are tied to ad spending that’s dwindling as both marketers and consumers squirrel away more cash and its revenue has continued to rise during 15-month-old recession, according to some analysts Google company may finally be suffering its first quarter-to-quarter decline since it went public in 2004.
Last year, Google earned $4.2 billion on revenue of $22 billion, and is still trimming its expenses in attempt to protect its profit margins and prevent its slumping stock price from falling even further.