Google’s decision to cut 12,000 jobs is a step in the right direction, according to an investor.
The company announced it would lay off 4,000 employees and cut another 8,000 contractor roles in an effort to reduce costs and focus on areas of growth.
The investor, who wished to remain anonymous, said that Google’s decision to reduce its workforce is a prudent one, given the current economic climate.
“Google’s decision to cut 12,000 jobs is a step in the right direction,” the investor said. “The company is trying to be more efficient to weather the economic downturn. It’s important for companies to focus on what’s working and what isn’t, and to make sure that they don’t spread themselves too thin. Google is taking a smart approach by reducing its workforce and cutting down on costs in order to ensure that the company stays viable in the long term.”