Investments

Twelve years ago, two Stanford University students created a new internet service, which turned out to be the best single business idea in history, with turnover in excess of $21 billion (£13.6 billion) during 2008.

Yet, a month after marking its entry into the corporate establishment - by playing host to the Queen - even Google has admitted that it can no longer defy the elementary laws of economic gravity.

The company is is cutting back its workforce - although not the permanent staff. Instead, it is reducing its 10,000-strong army of contractors, who are not entitled to the same benefits as full-time employees.

Well well well - seems like even Google is feeling the credit crunch now !! read full article from Times Online here.

Online Investment Google, job cuts, Online Investment

LONDON - As many as 200,000 additional UK media jobs will be lost by 2013, on top of the thousands that have already been lost in the first months of the global recession, according to Enders Analysis.

 Claire Enders, founder of the consultancy group, told Reuters: “We calculated the total jobs in the media in the UK at about 400,000, that includes newspapers, radio, TV, production companies, advertising, and so on, at the end of 2007.

Read the full article on the dire UK media job scene here.

 

UK Investment job cuts, UK media