Wall Street Frowns on Hiring
Google Inc. is hiring. The company plans to hire over 6,000 new employees this year. From NPR:
The company outlined its hiring plans Tuesday with The Associated Press without providing many specifics beyond its pledge to hire more people than it did in 2007 when it added 6,131 workers. Google hired nearly 4,600 people last year to end 2010 with 24,400 employees. Based on its hiring commitment, Google’s work force will increase by at least 25 percent this year.
Wow! A big company, doing so well that they want to hire thousands of new employees! This is great news, right?
Uh…not so much….
But Google’s push to further expand a work force that grew by 23 percent last year may not be as well received on Wall Street, where the Internet search leader’s spending has annoyed some investors who would prefer a more frugal approach in hopes of fatter returns.
Wall St believes that as long as the rising tide lifts the luxury liner, the rest of the boats can founder.
Tags: Jobs, Wall Street
Which grew by 23 percent last year, may not be well received on Wall Street….…spending has annoyed some investors who prefer a more frugal approach in hopes of fatter returns.”
Now we know why there is no job growth.
Co-Owner
Express Funding Group
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