The firm weathered the recession pretty well compared to similarly positioned companies in other industries. Even so, Google first started reducing its hiring efforts in October 2008, and in January 2009 cut more than 100 recruiters; two months later, another 200 were axed from sales and marketing divisions. Presumably, the company's latest results (for the quarter, a 7% increase in revenue and a 27% bump in net income) put it firmly on a recuperative path, or as Schmidt said, "We believe the worst of the recession is behind us and now feel confident about investing heavily in our future."
--Posted by Todd Obolsky, Vault Staff Writer
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