Google Cuts 100 Recruiters

Google (GOOG) disclosed in a blog post this afternoon that it has cut 100 jobs in its recruiting organization. “As we made clear during our last quarterly earnings call in October, Google is still hiring but at a reduced rate,” wrote Laszlo Bock , the company’s VP for People Operation. “Given the state of the economy, we recognized that we needed fewer people focused on hiring.” Bock said the first step was to wind down “almost all our contracts with external contractors and vendors providing recruiting services for Google,” but that it has now decided it needs to take further steps. GOOG today fell $13.35, or 4.3%, to $300.97. After hours, the stock is down another $3.98, or 1.3%, to $296.99. (link)