
It seems that the recession is affecting everyone, not just us little guys.
Google, the search engine giant has been quietly lying off employees since last summer.
Although the SEC mandates companies to disclose information in relation to layoffs, Google bypassed this rule by claiming in Q3 to have cut “Operational Expenses”.
How do they do that?
Well, Google has 20,123 certified employees and an additional 10,000 that are labeled as “Temporary Operational Expenses”.
Wow, how is that for a job title.
Those Temporary Operational Expenses are going to be out of a job this holiday season.
Many of these employees have been with Google for a number of years but have moved within the infrastructure enabling them to retain the temporary employee label while sliding under the SEC radar.
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