Google (GOOG) Giving Employees Phones This Year Instead of Cash

December 23, 2008 11:15 AM EST

According to reports from Bloomberg, Google (Nasdaq: GOOG) will give employees Android-powered mobile phones as a holiday gift this year instead of cash.

Last year, Google handed out $1000 cash gifts to employees, but this year about 85% of the employees will get the Android-powered handsets, according to a person familiar with the matter.

Google has started to focus on controlling costs as the global slowdown hurts online advertising spending.

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