• Los Angeles Times, Wednesday, November 10, 2010 12:31 PM

Call it corporate benevolence or an admission of falling stature, but Google is giving its entire workforce a 10% raise and $1,000 cash bonuses at the end of the year. "Google, which has long been a hub for some of the smartest people in Silicon Valley, is under siege from Facebook and other companies in a bruising war for talent," notes the Los Angeles Times.

Recently, Lars Rasmussen, the co-founder of Google Maps, left for Facebook, while AdMob founder Omar Hamoui said he was done with Google. Google's chief financial officer, Patrick Pichette, recently called the market for recruiting new talent "exceptionally competitive" during a third-quarter earnings call. "While we don't typically comment on internal matters, we do believe that competitive compensation plans are important to the future of the company," a spokesman said. Despite such challenges, Google still managed to hired more than 1,500 people during the quarter.

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