MOUNTAIN VIEW, Calif., April 3 (UPI) -- Google will downsize 300 jobs as a result of its $3.1 billion acquisition of DoubleClick in March, the company announced.
"Since our acquisition of DoubleClick … we have been working to match and align DoubleClick employees in the (United States) with our organizational plan for the business," said a company statement. "As with many mergers, this review has resulted in a reduction in headcount at the acquired company."
At the end of 2007, Google had 16,805 employees, The New York Times reported. Google Chief Executive Officer Eric Schmidt, concerned with rising costs, has said the company, which added 6,100 employees last year, would decrease its hiring rate.
Google also said it would sell Performics Search Marketing, a DoubleClick unit that helps place ads on search engines, including rivals Yahoo! Inc. and Microsoft Corp., the Times reported.
