Google still hiring, despite recession
news.techworld.com
news.techworld.com
"Though Google is expanding into multiple areas such as operating systems, applications, online books and display advertising, more than 90 percent of company revenue comes from keyword-related search advertising, acknowledged Schmidt, who is also the chairman of the company."
To me this seems smart. If you still have the money to expand and you realize the recession will eventually end it's smart to continue expanding. That way not only will you not lose 2 years but you'll essentially gain 2 years that were lost by all the other companies that slammed on the brakes because of recession fears.
I applied with several companies about a week ago an it's really interesting to see the differences between small and large ones. The smallest company is really quick and I'm meeting their engineers tomorrow. In the case of the somewhat larger one (50+ employees) it took several email exchanges with two separate people to set up a phone interview with their recruiter. And I haven't heard back anything yet from any of the large companies.