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I think the well publicized upcoming Yahoo layoffs (up to 10% of their workforce starting December 10th) have been expected, but little has been said about Google's current and upcoming layoffs, which I find much more interesting.

Google has also been laying off people, a lot of people. A great article from WebGuild points out:

Google has been quietly laying off staff and up to 10,000 jobs could be on the chopping block according to sources. Since August, hundreds of employees have been laid off and there are reports that about 500 of them were recruiters for Google.

10,000 jobs on the chopping block in additional to all the previous layoffs? Wow, what does that mean? Is the search giant starting to show some weakness? What does this mean to the search space?

There are a lot of questions that will be resolved in the next couple of months and about all we can do is just wait and see what happenes. Good luck to everyone out there with their jobs on the line. It is never fun to lose your job, but even less fun if it happens during the holidays.

Google layoffs - WebGuild article

Yahoo! layoffs - Search Engine Land article