January 26, 2011 by staff
It is the largest expansion of Internet giant and is still hiring spree comes as the U.S. president Barack Obama has stressed the need for more jobs to run the largest economy in the world. Google CEO Eric Schmidt was among a group of business leaders who met with Obama last month to discuss ways to support recovery.
But push Google to continue to increase its numbers, which rose 23% last year, cannot be well received on Wall Street. Some investors who prefer a more economical approach in the hope of higher yields have criticized the expenses of the Internet search leader.
Google executives have always brushed aside these concerns, saying the company should try to recruit software engineer’s smartest and most convincing representatives of sale to maintain its lead in search and online advertising.
Google hired 4,600 people last year to end 2010 with 24,400 employees. Schmidt said the company plans to hire over 1,000 workers in Europe this year alone.
Google’s commitment to increase its workforce by at least 25% this year means that its payroll can grow faster than its revenues. Analysts polled by FactSet expect revenue of Google to increase 22% this year, after taking into account commission it pays to advertising partners.
Alan Eustace, vice president of Google director of engineering and research, said: “At this stage, the number of occasions only far exceed the number of people we have in society.” Even if it exceeds 31,000 employees this year, Google still has far fewer people than Microsoft, among its fiercest rivals, which employs about 88,400 people.
Google co-founder Larry Page is getting ready to take over as CEO of the company on April 4. Page, 37, has starred in the early days of Google when the company was much smaller and had fewer than 300 employees when Schmidt was replaced as CEO a decade ago.
Google has become a coveted place to work, especially because the page and fellow co-founder Sergey Brin have always insisted on the offices of the company seems like a home away from home in an effort to make people more productive. All meals, snacks and beverages are free to Google, and employees can commute free shuttles equipped with Internet access in San Francisco and other cities.
The company can afford to splash out as it became increasingly prosperous. Google and 8.5 billion won (5.35 billion pounds) last year, far more than its peers Internet, and ended with December and nearly 35 billion (£ 22 billion) in cash.
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