Tag Archives: Omid Kordestani
Google Develops Algorithm For Determining Employee Retention
Google Inc. (NASDAQ:GOOG) is using their brain power to work on a new algorithm. The algorithm doesn’t focus on the best ways to index the web this time. They are working on an algorithm that is able to figure out what types of perks and pay that employees need to stay with the company and who is predicted to leave.
Google said that they are able to figure out which of their 20,000 employees will most likely leave. The algorithm crunches data from employee reviews, promotion dollars involved, and previous pay histories.
Laszlo Bock, the VP of People Operations at the search engine company said that the algorithm helps “get inside people’s heads even before they know they might leave [WSJ].”
Omid Kordestani, Senior Advisor of the Office of the CEO and Founders at Google recently received $5.12 million when he exchanged 36,000 stock options at a price of $448.23. Omid led the first group of employees that sold contextual ads for Google [BI].
Recently Tim Armstrong, the former COO at Google became the CEO and Chairman of AOL. Since then he has been stealing some Google employees.
Google has been growing at a rapid pace. Many of the employees that leave do so because they feel that they aren’t making a difference at the company. The employees at Google are drifting to startup companies like Twitter and Facebook.
Categories Google, Laszlo Bock, Omid Kordestani, Tim Armstrong
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Google Laying Off About 200 People In Sales & Marketing
Google Inc. (NASDAQ:GOOG) is laying off a couple hundred of people in sales and marketing. Google wrote about the lay off on the Google blog.
“When companies grow that quickly it’s almost impossible to get everything right—and we certainly didn’t. In some areas we’ve created overlapping organizations which not only duplicate effort but also complicate the decision-making process,” wrote We will give each person time to try and find another position at Google, as well as outplacement support, and provide severance packages for those who leave the company.”
In December 2007, Google’s stock price was about $714. But now it trades at $353.29 so that isn’t helping at all. Google’s market cap has been above a steady $100 billion fortunately. Google competitor Yahoo! Inc. (NASDAQ:YHOO) is trading at about $13.35 per share and has a market cap of $18.6 billion. Google has about 20,000 employees so they’ll be seeing about a 1% drop in employee count.
[via Google Blog]
Categories Google, Omid Kordestani
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Sukhinder Singh Cassidy May Take Tim Armstrong’s Former Position At Google
As many of you know by now, former Google VP Tim Armstrong left the company to join AOL as the CEO and Chairman. This leaves an empty slot at Google where big shoes have to be filled. Google had already stated that they were planning on finding a replacement internally, someone who already knows the business inside and out. Well now we have a potential name: Sukhinder Singh Cassidy.
Cassidy is Google’s President of Asia-Pacific and Latin American Operations. She works closely with SVP of Global Sales and Business Development Omid Kordestani. Armstrong built strong ties with several media bigwigs including Jeff Zucker, President and CEO of NBC Universal. Cassidy will have to maintain those relations.
Cassidy is formerly a product manager at a database company called Junglee. Cassidy was also an investment banker for some time at BSkyB. Cassidy started a company back in 1999 called Yodlee.com and worked there up until 2003.
It sounds like Cassidy has quite a bit of entrepreneurial experience, but Armstrong worked very closely with “big media.” Although I do not know much about Cassidy, I can definetely say that it will be a major challenge.
[via WSJ]
Categories America Online, AOL, Google, Jeff Zucker, Omid Kordestani, Sukhinder Singh Cassidy, Tim Armstrong
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