Holiday trimmings: Yahoo planning to reduce work force by about 5 percent in latest shake-up

[Roland99]

Source: AP (via Orlando Sentinel)

Yahoo Inc.'s holiday trimmings will include 600 to 700 layoffs in the Internet company's latest shake-up triggered by lackluster growth.

Employees could be notified of the job cuts as early as Tuesday, according to a person familiar with Yahoo's plans. The person asked for anonymity because Yahoo hadn't made a formal announcement.

The planned cutbacks represent about 5 percent of Yahoo's work force of 14,100 employees. It will mark Yahoo's fourth mass layoff in the past three years.

The latest two housecleanings have come under the company's current CEO, Carol Bartz, a Silicon Valley veteran hired nearly two years, despite a lack of experience on the Web or in advertising — Yahoo's main source of revenue.

Read more: http://www.orlandosentinel.com/technology/sns-ap-us-tec-yahoo-layoffs,0,1408886.story

[Wednesdays]

1. Merry Christmas, you lackeys.

:puke:

[sarcasmo]

2. Maybe this is why the site is having problems today, a disgruntled employee perhaps.

[ChromeFoundry]

3. Yahoo preparing to lay off 600 to 700 workers

Source: AP

Posted: 8:46 AM

By MICHAEL LIEDTKE AP Technology Writer
SAN FRANCISCO - Yahoo Inc.'s holiday trimmings will include 600 to 700 layoffs in the Internet company's latest shake-up triggered by lackluster growth.

Employees could be notified of the job cuts as early as Tuesday, according to a person familiar with Yahoo's plans. The person asked for anonymity because Yahoo hadn't made a formal announcement.

The planned cutbacks represent about 5 percent of Yahoo's work force of 14,100 employees. It will mark Yahoo's fourth mass layoff in the past three years.

The latest two housecleanings have come under the company's current CEO, Carol Bartz, a Silicon Valley veteran hired nearly two years, despite a lack of experience on the Web or in advertising - Yahoo's main source of revenue.

This week's round of reductions is expected to be concentrated in Yahoo's U.S. products group, which already has been undergoing an overhaul since Bartz hired former Microsoft Corp. executive Blake Irving to run the division last spring.


Read more: http://www.newsnet5.com/dpp/money/yahoo-preparing-to-lay-off-600-to-700-workers-wcpo

[HughBeaumont]

4. But . . . but . . . but . . . tax cuts . . . for the rich . .. CREATE jobs . . . I thought . . .

Howz that Trickle-Downer LIE taste, Reaganites?

[SpiralHawk]

5. "We need more more more more more more." - Rush DraftDodger Limbaugh (R - propagandist)

"We republicon fat cats did not get enuf. Give us more more more more more more. And maybe we will manifest another couple of burger-flipper gigs for you noisy proles who have gotten canned from your cushy middle-class jobs. Smirk."

- Rush DraftDodger Limbaugh (R - propagandist)

[MJJP21]

12. Maybe

Maybe that is why I can't get past the start page on Yahoo this morning.

[HughBeaumont]

16. Remember the last Die Hard sequel?

"That's why they call it a 'Fire Sale' . . . "Everything Must Go"??"

Wouldn't be surprised if you see something like this soon, with all of the disgruntled people that unbridled corporatism is leaving in it's ruin.

[OhioChick]

6. Merry Christmas from Yahoo n/t

[Amerigo Vespucci]

7. Well, these rumors have persisted for a while, and Yahoo has dodged them...

...but more often than not, the tech community is a reliable source for this kind of news. If the buzz is that layoffs are coming, then the layoffs usually come.

When I worked at Cisco Systems, layoff rumors were all around us. We had a department meeting and one of Cisco's competitors, Juniper Networks, had just laid off people. The director leading our meeting led the assembled in a chorus of guffaws that I thought was disgusting...after all, these people all had mortgages, children, spouses, God knows what kind of financial obligations...

...then he dropped the equivalent of Poppy Bush's "Read my lips...no new taxes" speech, assuring the assembled that there would be NO layoffs at Cisco, which was met with a loud chorus of huzzahs, and a couple of months later, I was part of the June 2001 bloodbath of 8500+ laid off workers at Cisco.

That's how these things usually play out behind closed doors.

[Brickbat]

8. Yes, that promise of new technology making a new and vibrant economy just keeps manifesting itself

all over the damn place.

[LibDemAlways]

9. "despite a lack of experience on the Web or in advertising"

When the hell will companies wake up and realize that it takes knowledge and experience related to the company's business to successfully run a company? The other night on the Undercover Boss tv show, the CEO of Johnny Rocket's hamburger chain admitted he had never worked in a restaurant. WTF? That's insane. No wonder businesses go under.

[CrispyQ]

11. I worked for a CFO once, who thought there was no reason for the IT department manager

to have IT experience - just good solid management experience. Needless to say, of all the IT departments I've seen in action, this one was the most chaotic & disruptive. The IT manager didn't know how to prioritize IT jobs, or how different areas of the IT department worked together. She promoted guys she liked into positions they were not qualified for. It was a mess! The whole company suffered from it but had to live with it for over a year before the "IT manager" moved on.

[Iris]

13. Did she move on of her own accord?

[CrispyQ]

18. Yes, leaving a gigantic mess behind!

But guess what? Her next job was Director of the IT department! Arghh!!! :banghead:

Which just goes to show that once one gets a particular job title, it's easier to get it again (or even an elevated one!), even if one is not qualified.

[LibDemAlways]

19. My husband is a computer software engineer. He's never worked for a

manager who knew anything about software. The current boss thinks the problem he recently threw at him could be solved in a week and is annoyed with the slow pace. It's over 100,000 lines of undocumented code that need to be sorted through. My husband is going about it methodically, and the boss is pissed. Nothing like knowing nothing about what you are managing.

[valerief]

10. I'm sure those jobs aren't lost. Like most corporations, China will get them. nt

[cbdo2007]

14. Is this why I'm having trouble getting Yahoo to come up today?

Seems to be lagging. Can't get it at all on Firefox.

Maybe they're going out of business and I should backup all my emails real quick!

[SoapBox]

15. *Hand raised into air* Uh...Mr. Boehner? WHERE ARE THE JOBS?

[HughBeaumont]

17. EVERY damned day until the TaxCutsFerThuhRich work. They're ON the CLOCK!

Timez-a-wastin' BOHner! You and your rich-ass handlers better whip up some jobs and whip them up FAST. Can't buy nothing if you have no job. Ain't-a-gonner be any DEMAND with no job! You're ON the CLOCK, so GET MOVING, you REAGANITE SERVANTS!