3 ms·

For job seekers, end of the Google gravy train

• SwellJoe 18y ago
  From my understanding (and the graphs don't disprove it, aside from the Doubleclick bounce), Google has been in "slow hire" mode for over a year. The feeling I get from folks within is that GOOG got a bit bloated in the middle management tier, had gotten uncomfortably hierarchical, and they would not be hiring to replace a large number of positions (no layoffs...just fewer hires to fill "holes" left by people leaving). I don't think the economy has a lot to do with it--Google still has tons of cash, revenues are strong, and growth is apparently still happening. I think it's just that they grew too fast to hire as carefully or selectively as prudence requires, they recognized the problem, and took steps to correct it. (I think some of the steps are probably counter-productive. A lot of the early hires that built Google into what it is, wouldn't be able to get an interview with Google today, because they didn't go to the right schools or have a 4.0 GPA.)
  • gms 18y ago
    What early hires are you thinking of?
• redorb 18y ago
  I thought they would be talking about a cut in options or something , slow hiring doesn't end gravy. Better title "google hiring slows"
  • litewulf 18y ago
    Though, the lower stock price of late means that options have been "cut"
    • nostrademons 18y ago
      Lower stock price means the strike price of the options has been cut, which is good for new employees. Your total profit on options is numOptions * (stock price - strike price). Unless they've reduced the number of options to compensate. I don't see why any company would do that though - it's not like writing options at a lower market price costs them more, accounting-wise.