WSJ – Google Takes Stricter Approach to Costs

on 07 | 15 | 2015

Those who want to work at Google may find that getting a role at the company is tougher than ever. As Google continues to grow, it’s focusing more on efficiency and less on adding heads–particularly as profit margins shrink and shares remain flat. The company hiring has ebbed noticeably in 2015, but it is still aggressive about retaining employees, as Ali Behnam notes in this WSJ article.

(The Wall Street Journal) – Google Takes Stricter Approach to Costs

Google Inc. is slowing down as it grows up.

With revenue growth ebbing, profit margins shrinking and shares flat, Google is curbing hiring and seeking ways to run its sprawling empire more efficiently, according to recruiters, venture capitalists and others familiar with the matter.

New Chief Financial Officer Ruth Porat, who joined the company in late May, is active in the effort. Ms. Porat, who reduced expenses and reallocated capital while CFO of Morgan Stanley, is involved in an internal audit examining costs, revenue and accounting systems, according to one of the people. She is looking to make her mark on what has become a more stable but more complex company, another person said.

Google will offer an update on its expenses on Thursday, when it reports second-quarter financial results after regular trading hours and Ms. Porat is expected to speak during a conference call with Google analysts for the first time. The company declined to comment for this article.

Read the full article here…