may be looking bad in the tech world with falling profits and employee
layoffs, but Google is booming. Profits at Google are up and the search giant
is set to go on massive hiring sprees to get new talent into its operations to
help fuel growth.
Mercury News reports that Google announced this week that it would hire at
least 6,000 workers in 2011. If it hits that number, 2011 will be the
second biggest year for new hires in the history of Google. The company also
says that about 2,000 of those new hires will be in and around its Bay Area HQ
Google's Alan Eustace said, "The growth that we're seeing across a lot of
different areas is really based on seeds we planted a long time ago. We made investment
decisions a long time ago to plant the seeds in different areas, and the
exciting part is those seeds are actually developing now." Eustace also
noted that the hiring would be "pretty much across the board."
Google has also recently offered up the financial details for Q4 2010. The
company raked in revenue in the quarter of $8.44 billion. That number
represents a growth of 26% compared to Q4 2009. Profit for Q4 2010 was $2.54
billion amounting to $7.81 per share, up 29% from Q4 2009.
Analysts are seeing Google’s hiring spree as a good thing. Rick Munarriz,
analyst from The Motley Fool said, "Google was able to grow during the
recession, which was something Yahoo wasn't able to do, and (Microsoft's) Bing
(search engine) still isn't profitable, so from Google's perspective there is
no reason to slow down."
Most of the new talent hired by Google in 2011 will reportedly go to work on
Android while some of the new talent will end up at YouTube.
quote: Graduate student who is looking for work after graduation. Please hire me, I've got a ton of college debt to pay off.