According to an article posted on the New York Post, online edition, it seems that the company known for it's incredible employee perks, is reigning in the slack a little.
According to the article, Google had released a inter company memo stating that they were trying to "to find areas where efficiency can be improved." That means, in this case, cutting back on some freebies like lunch items and some food items in general.
This downgrade in corporate splurging may be the result of Google's stock. It has seen a free fall over the last few months, losing up to 48% [NYP]. The stock is still very valuable, closing yesterday at $358 a share. The stock has been as high as $593.08 a share in early May.
Although the employees at Google will feel the corporate pinch of greed, they will survive, and live to fight another day.
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