Google axes 300 from DoubleClick

by Rob Peters | April 3, 2008 at 05:07 pm | 223 views | 1 comment

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Google is making significant job cuts for the first time, proving even giants aren't invincible.

Google has announced its first sizeable cuts, with the axing of 300 jobs at its online advertising unit DoubleClick.

The lay-offs make up about a quarter of DoubleClick's 1,200-strong workforce in the US. Worldwide, DoubleClick has about 1,500 employees.

Google's chief executive Eric Schmidt has suggested that overseas operations, employing a further 300 people, will also be affected at a later date.

It is a first for Google and perhaps not one they want to trumpet too much.

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Barry Artiste

at 23:18 on April 4th, 2008

good stuff:

Rob Peters, I like this story. It's good stuff. That certainly sucks, you would think the billions they paid for double click, google would have tons of cash left over to employ those they let go. So much for the myth of corporate raiding as good for busine