Why Google cuts the jobs? Growing poorer?

On Thursday Google announced it is going to lay off about 200 of its employees in a move to further cut costs as the economy recession remains vigorous. The jobs will be cut in Google’s global sales and marketing teams which is ascribed to unchecked growth and "overlapping organizations." The cuts were reported on a company web site.

In spite of Google’s relatively stable position in a crisis environment the company is conducting a resolute policy of cutting its expenses. First cuts at Google were announced earlier in January when the tech giant said it would eliminate 100 jobs from its recruiting unit.

"In some areas we've created overlapping organizations which not only duplicate effort but also complicate the decision-making process," said Google's senior vice president of global sales and business development, Omid Kordestani. 

"That makes our teams less effective and efficient than they should be. In addition, we overinvested in some areas in preparation for the growth trends we were experiencing at the time," he explained.