In a blog post on the move, VP People Operations Laszlo Bock wrote, “Given the state of the economy, we recognized that we needed fewer people focused on hiring.”

He expressed regret that the people who “helped build this company” are the first to get the axe. “We are enormously grateful for everything they have done,” he said.

Thus far there are no further plans for layoffs, but some sources say the economy will continue to get worse before it gets better. Other sources claim this to be the bottom of the recession and expect the economy to hold here and then begin to climb.

What do you think? Post your thoughts in the comments.

You can track any layoff activity at Google on ClickZ’s layoff tracker.

Photo: Google

Have We Hit the Bottom of the Recession? is a post from: Dough Defender

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