1/20: Unrelated Yahoo layoffs to affect 1500 – 2500 employees
January 20, 2008
Silicon Alley Insider reports Yahoo has created a list of 1500 – 2500 employees to be eliminated within 2 weeks.
The “list” is reportedly the product of a Q4 project in which all group heads were asked to look at redundancies and create their own lists of potential cuts. All the group-level lists have now been turned in to corporate.
The decision to go ahead with lay-off is said to be largely dependent on stock price: Yahoo’s stock trading in the low $20s has gotten Jerry’s and president Sue Decker’s attention. Jerry will feel vulnerable if the stock goes into the teens and will try whatever he can to prop it up. He’s not ready to give up the CEO job, sell-out, or shop the company around at this point.
Entry Filed under: High Tech, Media. Tags: Jerry Yang, layoffs, recession, Sue Decker, Yahoo.
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FedUp | January 21, 2008 at 6:30 pm
Kind of poetic justice given that Yahoo aided the those mortgage loan scammers to groom their victims with invasive marketing tactics that mine user data. Countrywipe and Leaning Tree are still working it hard on Yahoo networks, trolling for new suckers. Guess they can afford it now, after being bailed out instead of punished for sending the worlds economies into the toilet, while they fly to Barbados this winter. Too bad all the homeless freezing in the streets could not get so lucky.