Google search engine giant, does not seem to be immune to the global recession. On Friday, it announced that it will be cutting down around 200 jobs in its sales and marketing divisions. The search engine company admits by saying it has over invested in many areas and now facing a tough time.

The company says it has no option but to restructure their organizations. Google will give each outgoing employee time to find another position at Google, outplacement support, and provide severance packages for those who will have to leave the company

In January, Google reduced its number of recruiters by 100. It also announced the closing down of engineering centers in Arizona, Texas, Norway, and Sweden. Some of the engineers, around 70 in number, were moved to other centers, while others were asked to leave.

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Are these companies taking an advantage of this recession or they are really affected by it..... havent got any proper answer for this?

Its not possible to find which company is doing good or bad...Many cash rich companies claim they are also hit, but exact status not visible.

The financial status of any company is not visible to the employees or even if they come out with FY report not sure if its true ... Even though the company seems doing well they claim they are hit by recession... these guys are trying to goofup with employees taking gain of the current situation.