Google suffered the same symptoms as many other giant businesses: overgrowth that created great profit but gummed up the works. What was once the leader in ideas and implementation became sluggish and bloated.
It appears with the change of management, including the new CEO Larry Page, the company is taking a fresh direction and reducing some clutter. In a nod to the streamlined way they became famous for, Page has eliminated levels of management and expedited development. If his plans are successful, the giant can once again take the lead and leave their stamp on how long-term technology advances. Simply put, it's the difference between winning a battle and winning the war.
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