Monday, January 31, 2011

Wall St. Frowns on Hiring

Google Inc. is hiring. The company plans to hire over 6,000 new employees this year. From NPR:

The company outlined its hiring plans Tuesday with The Associated Press without providing many specifics beyond its pledge to hire more people than it did in 2007 when it added 6,131 workers. Google hired nearly 4,600 people last year to end 2010 with 24,400 employees. Based on its hiring commitment, Google's work force will increase by at least 25 percent this year.

Wow! A big company, doing so well that they want to hire thousands of new employees! This is great news, right?

Uh...not so much....

But Google's push to further expand a work force that grew by 23 percent last year may not be as well received on Wall Street, where the Internet search leader's spending has annoyed some investors who would prefer a more frugal approach in hopes of fatter returns.

Wall St believes that as long as the rising tide lifts the luxury liner, the rest of the boats can founder.

cross-posted at MainSt/

1 comment:

DissedBelief said...

It would be so nice, in fact prudent, if NPR and all other news orgnizations spent as much time on our country and news stories such as this one, as they currently are spending on Egypt. Tunisia is now history, Egypt is the current flavor and while events there are important, I for one live here and have to explore other alternative news sources to get news about this country. I'm sickened by the constant overkill by NPR & other news orginizations each time a hysterical or sensationalistic event happens. What about jobs here????