Yahoo layoffs reportedly starting next week
Summary: Most of the job cuts will happen withing Yahoo's product, research and marketing units.
It has been rumored for the last few weeks that Yahoo was planning to slash significant number of jobs soon. Unfortunately, it looks like those reports are turning out to be true.
Although neither an official announcement nor an exact number of layoffs has been revealed, AllThingsD reports that Yahoo will commence with the layoffs of possibly thousands of employees as soon as next week.
As of the end of the third quarter of 2011, Yahoo had approximately 14,000 employees.
The report added that most of the job cuts will happen withing Yahoo's product, research and marketing units. As Yahoo continues to move away from focusing on search to repositioning itself as a digital media company, that could have something to do with this.
The most painful part is that these layoffs are not expected to come down in one fell swoop, but most likely rather in phases as Yahoo begins restructuring itself. One can only imagine the tension at Yahoo offices now and over the next few weeks.
It has been well known for a long time now that Yahoo has been suffering. Nevertheless, Yahoo follows a recent string of major rounds of layoffs in the technology world at IBM, Hewlett-Packard, T-Mobile USA, and AOL.
Job cuts are also a looming possibility at Research in Motion -- although RIM is supposedly "cleaning house" closer to the top of the food chain.
Related:
- Yahoo to roll out Do Not Track solution by summer
- Facebook updates IPO filing with Yahoo patent suit
- Yahoo was licensing patents Facebook bought from IBM (rumor)
- Microsoft nabs former Yahoo chief scientist to work on big data integration
- Yahoo Movies inks deal with Fandango for ticket sales
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Talkback
that's because of previous M$ dirty deals
Nah. It's because they run Linux
Nah. It's because you trolled their forums too much
Agreed
But anybody who knows how to use a web browser and search engine can find dozens if not hundreds of examples of Microsoft's predatory antics over the years... and find them in seconds. It's simple to do...
Here's one finding:
http://www.zdnet.co.uk/news/desktop-os/2004/07/13/the-legacy-of-microsofts-1994-consent-decree-39160392/
And another:
http://www.businessinsider.com/ballmer-threatens-obama-says-hell-move-jobs-overseas-2009-6
So... things are going well, I see...
http://mankabros.com/blogs/chairman/2012/01/17/jerry-yang-manka-bros-would-like-to-offer-you-a-job/
Hello?
poetic justice?
They're bleeding too many customers to Gmail.
Yahoo should have sold to M$.
Competition
Thankfully, the survivor can then jack up rates sky-high because they survived their battle.