Google Employees to Receive Google G1 Phones for Christmas Bonuses

Is Google feeling the cash pinch too?

I just read an article on the Bloomberg Website that said Google is giving employees G1 mobile phones instead of cash this year as their year end Christmas bonus. The article says:

"About 85 percent of workers will get a handset powered by Google’s Android operating system as a holiday gift, said the person, who asked not to be identified. Google handed out $1,000 cash gifts to most employees last year."

Eric Schmidt , Google's Chief Executive Officer, said as recently as last month that Google was seeking to control expenses as the global slump financial slump continues. T-Mobile began marketing the Google phone as their alternative to Apple's iPhone in October, 2008.