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On Sunday, Web Guild spread fear around the internet by ‘exposing’ Google’s quiet layoffs, which were said to be upwards of 10,000 employees. And Google was supposedly getting away with it through secretive loopholes that only corporate lawyers know about. They were hiring workers and not paying them benefits.

Actually, those people are called independent contractors and they knowingly enter into those agreements.

Google is reducing its contractor workforce, but it’s something they’ve had planned for a long time. Of course, the timing of implementation couldn’t be worse. Especially since contractors generally don’t get unemployment benefits once terminated. Independent contractors are essentially self-employed.

Related Reading:
Google Q3 Revenue Increases 31% Year-Over-Year, Up 3% Over Q2 2008
Google Pulls the Plug on Lively

SearchIgnite has released data showing that the search ad spend for retailers is up 33% so far in the fourth quarter of 2008. The reason appears to be that multi-channel marketers are funneling more money to search, which has strong data on ROI.

“With the current economic climate leading up to the holidays, retailers are looking for ways to capture consumer spend and drive revenue in efficient ways,” said Roger Barnette, President of SearchIgnite.

Q4 spending is also up 58% over Q3 2008. Last year’s Q4 was up 40% over Q3 2007. And last year’s Q3 didn’t have an election to boost it’s numbers.

However, consumers are spending less per transaction. Still, the good news is that they are spending online at a steady rate of growth.

Related Reading:
SearchIgnite Releases Version 3.0 of Media Optimization Platform
SearchIgnite Releases Q1 Search Marketing Data

It’s easy to pick on Microsoft. It’s practically a national pastime at this point. So when they announced their Cashback program to help grow Live Search, the snears came fast and furious.

“You have to pay people to search?” they said.

Turn your laughter into claps, people. It turns out that Cashback is working. Microsoft is seeing positive results on three goals it said it would report. They are:

• Number of offers in the system
• Advertiser return on investment (ROI)
• Percentage of commercial search queries as measured by comScore

There’s been a 30% increase in the number of products offered via Cashback. 4.5 million unique users per month are generating 68 million commercial queries. eBay has seen an increase of 50% on their ROI.

“We believe this early traction speaks to the differentiated and unique value proposition of Microsoft Live Search cashback for both consumers and advertisers, especially in these tough economic times,” said Brad Goldberg, general manager of Microsoft Live Search.

Is it really any surprise that incentives work? No. Have you ever been listening to the radio and they’re having a $1,000 giveaway? You have to be listening at the right times to call in.

Incentives are nothing new. Microsoft was smart to implement them into Live Search. People don’t necessarily use Google because it’s any better but because it’s familiar. Live Search needs a way to get people searching, and Cashback is working to help accomplish those goals.

That may be why Microsoft is expanding Cashback by partnering with shopping cart providers Miva Merchant, Early Impact Inc. (ProductCart) and 3DCart. Through the agreement, merchants who use the shopping carts are eligible for Cashback.

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Microsoft is attempting to pull the rug out from under Google’s talks with Verizon to be the default search engine on its mobile phones. And they’re doing so by dishing out the dough.

It’s no secret that Microsoft has a bunch of cash on hand. They’ve been using some of it to create incentive programs like Cashback and SearchPerks to essentially pay people to search.

Now, it looks like they’re willing to shell out some green by offering Verizon a larger piece of the revenue-sharing pie than Google has thus far offered.

Could this be why Google was unwilling to spend moolah on a costly court battle defending its now-defunct search advertising deal with Yahoo? Both Google and Yahoo said they could have won the suit, but Google declined to pursue it.

Could this be why Steve Ballmer is saying he’s not interested in acquiring Yahoo anymore (depsite the blue light special)?

Mobile is hot and it’s only going to get hotter. Becoming the default search engine on the largest mobile carrier in the U.S. (Verizon recently won approval for their acquisition of Alltel) is prime real estate indeed.

The number of small businesses using deeply integrated social networking services will double in the next year, according to projections by Access Markets International (AMI) Partners, Inc. Currently, there are about 300,000 small businesses engaged in social networking, which is 5% of the total number of small businesses in the U.S. AMI expects that number to reach 600,000 in the next 12 months.

“As social networking evolves, we can see the emergence of targeted offerings for business users,” says Nikki Lamba, New York-based analyst at AMI Partners. “In order to attract a greater share of SBs, social networking services must provide customized services that SBs can leverage in order to realize their business goals.”

Social media might be an increasingly attractive option for small businesses in their advertising and marketing efforts. The current economy has businesses scrambling for affordable marketing methods and social media is a possible option, depending on how its leveraged.

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Seems legendary investor George Soros, who supposedly made a billion dollars trading on the foreign currency exchange, will have some competition from Google as they are now hedging against fluctuating currency exchange rates by investments in the forex market.

Cnet reports that Google has invested over $80 million dollars in forex trading hedges to offset the strengthening dollar against the global currencies many of their advertisers are paying them in.

Given that 51% of Google’s revenue comes from outside the United States, many large advertisers are given credit in their own currency which could be worth less at the time they actually pay Google.

The value of the US dollar against the euro, Canadian dollar and the British pound has increased substantially in recent weeks, thus Google gets less US dollars when someone pays them. The actual value of the clicks is done in US dollars at the base of the calculations, so Google advertisers get to pay less than what they would if there was just one currency used in the actual bidding.

Maybe the brothers Google want to emulate Soros who was part of the Google Author series that had CEO Eric Schmidt as part of the presentation.

His Wikipedia entry about his currency speculation profits may be alluring to the Google founders who have shown a penchant for aggressive investments into a number of markets.

“On Black Wednesday (September 16, 1992), Soros became immediately famous when he sold short more than $10 billion worth of pounds, profiting from the Bank of England’s reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency.

Finally, the Bank of England was forced to withdraw the currency out of the European Exchange Rate Mechanism and to devalue the pound sterling, and Soros earned an estimated US$ 1.1 billion in the process. He was dubbed “the man who broke the Bank of England.”

Be careful guys, it is a highly volatile market and we wouldn’t want you to lose money.

Google is preparing for the launch of their iPhone ad options, according to AdWeek. Several ad agencies have been given previews of the new option by the search giant.

The ads will be optimized for browsing on the iPhone, which enables direct Internet browsing instead of browsing via the mobile web. They will include an option for click-to-call. The iPhone already has a feature allowing users to click on any text phone number and it will dial it automatically.

Expect the new iPhone ads to be made available soon. AOL’s Platform-A already offers iPhone ad solutions. So has Admob.

After a year of slow but steady growth, Ask.com has redesigned, incorporating Google, Yahoo and Microsoft design elements along with it. Changing things up has helped Ask in the past, so we’ll have to keep an eye on whether this gives Ask.com a nice little boost.

The first noticeable change is the front page. It’s minimalist in nature, but you can change the skin to create a different background.

In the results, the dualing sidebars are gone, and only one on the right remains. The organic results are flush with the left, similar to Google and Yahoo. And there are related searches similar to what you’ll find on Microsoft.

An interesting feature is the AskEraser. It addresses privacy concerns that people have about search.

What do you think of the changes? Give us your first impressions in the comments.

h/t Rafe Needleman @ CNET