YouTube Plans to Expand Workforce by 30% in 2011 Friday, March 11, 12:25 PM ET
Internet video giant YouTube said late Thursday in a blog posting it is looking to grow its workforce by 30% in 2011.
The company, owned by Google (NASDAQ:
GOOG) noted this would mark the largest surge in hiring in its six year history.
35 hours of video is uploaded to YouTube every minute, and users clock 2 billion views per day.
Google shares are trading down .4% Friday.
Fellow internet company AOL (
AOL) traded lower yesterday following news that it is laying off more than 900 employees, or about 20% of its workforce, in a cost-cutting effort.
AOL shares are trading up .3% Friday.
The two together make up more than 9% of the NASDAQ Internet Portfolio (NASDAQ:
PNQI), trading down over .1% today.
For MarketNewsVideo.com, Iím Sayoko Murase.
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YouTube Plans to Expand Workforce by 30% in 2011
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