Though the recession may be abating, it has certainly not ended as yet. Google is likely to layoff some more of their staff in the coming weeks.
Webguild.org reports that Google is in the process of selling off Google Radio Automation. They had acquired this business for a total of $1 billion, inclusive of both cash and stock components. However this section of Google has been a complete failure right from the start as it failed to take off at all.
Now Mr. Vinod Khosla and Mayfield have raised $25 million to take over the Google Radio Automation business.
About one hundred employees working in the hardware and software departments of Google Radio Automation as well as those offering support to it are likely to be laid off.
In other areas of the company also Google has been laying off employees, and now their full time employees number 19,786 after 378 others were laid off in the second quarter of 2009.
On the other hand there are also reports that Google continues to hire highly skilled and talented professionals in some of its departments. But even this process has not been easy as the professionals have been asking for their market price, in spite of the recession and the consequent unemployment.
These demands have been putting Google in a rather tight spot as some of the older and senior employees are earning smaller amounts than what these new candidates are asking for, and that would eventually lead to unpleasantness among the old and new employees.