12/01/2008 05:12 am ET | Updated May 25, 2011

Google Cuts Employee Perks

Google is going on a diet when it comes to spending on a smorgasbord of food perks for employees living high on the hog in its New York office.

The online search giant issued a memo to its Big Apple workforce earlier this week noting slimmed-down cafeteria hours and food selection as part of an effort "to find areas where efficiency can be improved."

The move, first reported by the tech blog ValleyWag, comes as Google has seen its stock sink more than 48 percent, or $333.48 per share this year.

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