Look’s like the kings of the search Hill isn’t impervious to cutbacks, even though revenues advertising increased 31% for year over year for the 3rd quarter.  Rumors are they let go 500 contract recruiters and will be giving 1,000 employees their walking papers.  Also sounds like contractors will be restricted to certain security areas so they don’t sample some of that delicious free google food.

Personally, I’m watching to see if Google reduces their catering bills….do you realize they spend $5,700 per employee annually to feed them?  WTF- Thats a lot of food.  What are they having? Surf and Turf every night?  How about an invite dudes?

Update: ValleyWag is now reporting the Google is closing some cafeterias.

Src: FuckedStartups, VCsAndAngels