Reports: 650-700 layoffs expected at Yahoo today

Reports: 650-700 layoffs expected at Yahoo today

Summary: There won't be much holiday cheer at Yahoo today, if reports about a round of layoffs are true.Word is that anywhere from 650 to 700 people will lose their jobs today, mostly in the product groups headed by Blake Irving, a former Microsoft exec brought in by CEO Carol Bartz in April as part of a massive turnaround effort for the company.

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There won't be much holiday cheer at Yahoo today, if reports about a round of layoffs are true.

Word is that anywhere from 650 to 700 people will lose their jobs today, mostly in the product groups headed by Blake Irving, a former Microsoft exec brought in by CEO Carol Bartz in April as part of a massive turnaround effort for the company. The cuts would represent about 5 percent of the company's workforce, last reported at a little over 14,000 in October.

Kara Swisher's Boomtown blog notes that those being let go will be notified today and likely will have to leave the facilities immediately. The cuts will be completed by early afternoon, Boomtown reported.

Under Bartz, the company has continued to struggle, despite a search deal with Microsoft and attempts to re-focus their key efforts around original content and other core sites, such as e-mail and finance.

Topics: Collaboration, Browser, CXO, Microsoft, Software, IT Employment

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  • RE: Reports: 650-700 layoffs expected at Yahoo today

    Waves @ Between the Lines
    Larry Dignan, Sam Diaz, Andrew Nusca
    I don't get the Internet giants an the "If we are not the King of the crop therefore we are nobody additude". I mean it is just educated people typing and sending todays achievements or screw-ups Via a vibration . What is there to turn around ? Get a grip Yahoo.com
    cybursoft
  • Still think $35 a share wasn't good enough Jerry (pull my) Yang?

    What an egomaniac.... How sad that he alone cost his employees and investors billions of dollars...
    Johnny Vegas
    • Are you kidding?

      [i]What an egomaniac.... How sad that he alone cost his employees and investors billions of dollars...[/i]

      M$ probably would've laid them all off, too.
      search & destroy
    • RE: Reports: 650-700 layoffs expected at Yahoo today

      @Johnny Vegas
      You and "Ye" have so hit the nail on the head, but I'm literally in stitches about some of the goofy observations afterward.
      We can always depend on "Linus" Geek and his minions to provide some entertaining (if uninformed) anti-Microsoft inflammatory commentary...
      Travasaurus
      • RE: Reports: 650-700 layoffs expected at Yahoo today

        @Travasaurus
        Do you have any proof otherwise that that wouldn't have happened as well?

        Go on. Let's hear about it.
        search & destroy
  • this is the price paid

    for doing business with M$.
    Yahoo should recant the deal with the beast and invest heavily in FOSS to improve its bottom line.
    Linux Geek
    • RE: Reports: 650-700 layoffs expected at Yahoo today

      Shut up, you unmitigated moron.
      Hallowed are the Ori
      • Kiss my a$$

        A$$hole.
        search & destroy
    • This is the price paid...

      @Linux Geek: [i]for doing business with M$.[/i]

      ...for not doing business with Microsoft. Seriously though: You need to really get a life. To be so consumed with hatred for Microsoft cannot be good for your health.
      ye
  • Yahoo... the sad saga continues...

    seems yahoo has no way to come out of this and a tragic end is near... I really miss the thrill the name "yahoo" used to give......
    ashish_sinhal@...
    • Not sure about that

      Look at AOL and Real Networks. They're still around, in a truncated form, of course.
      search & destroy
  • RE: Reports: 650-700 layoffs expected at Yahoo today

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