Last year 4500 new employees were already added, but 2011 will be "the year of the most new hires in the company's history". "We will hire as many smart and creative people as we can," explained Google manager Alan Eustace.
Competitor Yahoo, on the other hand, is continuing to cut jobs: Around 140 employees, around one percent of the workforce, will have to go, as company boss Carole Bartz announced on Tuesday (local time). The turnover of the former Internet pioneer is declining.
Google is looking for new employees for "some of the most difficult challenges in computer science", wrote manager Eustace in the company blog, according to SDA. The new employees would work in small groups - "really like start-up companies". Google currently employs 24,400 people. In the crisis year of 2009, the company laid off employees for the first time ever, but hired new people again in 2010. In the meantime, Google is fighting against the exodus of employees: in November, the company increased salaries by a whopping ten percent after around 200 employees moved to its up-and-coming competitor Facebook. Google can afford the new hires: last year, the company made a profit of more than 8.5 billion dollars and had more than 13 billion dollars in its coffers at the end of 2010. Turnover reached almost 30 billion dollars.
Yahoo with decline in sales
Yahoo, on the other hand, was unable to increase its turnover, which fell by two percent in 2010. In the fourth quarter, Yahoo even recorded a drop of twelve percent - and sales are not expected to grow at the beginning of the year either. However, profits more than doubled to 1.231 billion dollars last year. The reason for the fall in turnover is the cooperation with Microsoft on the search engine offering agreed in 2009, Yahoo explained. Since then, the revenue from this has had to be shared. Group CEO Bartz defended the job cuts as a "redistribution" of resources. "We need people where we need them." She promised that Yahoo would have more staff at the end of the year than today.
Yahoo is looking for a strategy to counter the dominance of Google and Facebook on the Internet. Bartz said that Yahoo is an online company that presents each user with their own personal content. The vision is to be able to offer 630 million different pages so that every user can find what is right for them. The right advertising could then be added.