Thread: Google Gets Two Faced To Congress

http://politics.slashdot.org/politics/0 ... 2209.shtml

"In Congressional testimony last month, Google's VP of People Operations told the House Judiciary Subcommittee on Immigration that, due to limits on the number of H-1B visas, Google is regularly unable to pursue highly qualified candidates. But as Google stock tumbled in after hours trading Wednesday, Google's CEO blamed disappointing profits on a hiring binge and promised Wall Street analysts that the company would keep a careful eye on headcount in the future. So which Google should Congress believe?"

Google's Take on Immigration:
http://googleblog.blogspot.com/2007/06/ ... an-to.html


Article Where Hiring is Blamed:
http://www.theregister.co.uk/2007/07/20 ... _earnings/

Operating income dropped to $1.10bn, and when the company took questions at the end of its earnings call, the first analyst to jump in wanted to know why Schmidt hadn't reached his goal of growing operating profit every quarter. Schmidt indicated the drop was due in part to the company hiring more people during the quarter than it had anticipated, and it seems that it will keep a closer eye on hiring in the coming months.

Are you a new Google employee? You might be to blame for the 7.12 per cent drop in Google's stock price in after hours trading.®

As with any other big bloated company, it is all about profits, nothing more.