TITLE

Google Lays Off 300 From DoubleClick

AUTHOR(S)
Sadighi, Lalee
PUB. DATE
April 2008
SOURCE
Red Herring;4/2/2008, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of Internet search giant Google to cut 300 of DoubleClick's 1,200 employees. DoubleClick is the online advertising company purchased by Google in March 2008 for $3.2 billion. The layoffs come after DoubleClick's proposed purchase was approved by the European Commission, which put an end to eleven months of acquisition litigation. About a quarter of the advertising company's employees will exit, while others will be placed in transitional positions.
ACCESSION #
36834888

 

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