Those numbers may seem surprising given the fact that Google attributed last quarter's 3-cent earnings miss to overspending on hiring, and promised to curb that impulse. However, during the conference call with analysts Thursday afternoon, Chief Executive Eric Schmidt said many of the people hired during the quarter had been given offers before the previous quarter had closed.More info over here.
The fast pace of hiring at the search giant is the one concern Jordan Rohan, an analyst at RBC Capital Markets, mentioned in an interview with CNET News.com after the Google earnings call.
"Half the company has been hired in the last 12 months. That's chaotic," he says. "The new employees find it difficult to figure out how to get things done. It's not a normal company."
I can only guess that the new hires are working on the much-anticipated "Google phone," which is probably going to be a Google operating system for mobile devices, and on the new copyright content filtering technology deployed at YouTube this week. They're also probably tasked with taking over the advertising world with the company's lucrative online automated ad platform.
Google hired 2,130 employees last quarter
Posted on Saturday, Oct 20 2007 @ 00:55 CEST by Thomas De Maesschalck