Sources say all Google (GOOG -1%) employees will receive a 10% raise, on top of a $1K holiday...

|By:, SA News Editor

Sources say all Google (GOOG -1%) employees will receive a 10% raise, on top of a $1K holiday bonus, citing an internal memo from CEO Eric Schmidt. The raise will cost about $1B, but Google says it's worth it to plug staff defections and retain the "brightest, most capable group of this size ever assembled."