Google Gears Up to Slash Marketing Budgets In Second Half
Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google is taking an ax to its marketing budgets for the second half of 2020 as it deals with the COVID-19 pandemic.
In some instances, the tech stock is slashing marketing budgets by half and is reevaluating its spending in other areas. In one email sent to marketing employees obtained by CNBC, Google said there are budget cuts and hiring freezes taking place across marketing.
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Source Fool.com
