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Google to axe 25% of Double-Click workforce with more to come

This just in from the BBC.

The lay-offs make up about a quarter of DoubleClick’s 1,200-strong workforce in the US. Worldwide, DoubleClick has about 1,500 employees.

Google’s chief executive Eric Schmidt has suggested that overseas operations, employing a further 300 people, will also be affected at a later date.

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