LA Times: Yahoo to shut down most operations for a week to cut costs

[Omaha Steve]

http://www.latimes.com/business/la-fi-yahoo23-2009dec23,0,5719862.story

U.S. employees can use vacation time or take unpaid leave Dec. 25 through Jan. 1. Christmas and New Year's Day will still be paid holidays.


By Tiffany Hsu

December 23, 2009

Yahoo Inc. confirmed Tuesday that it would shut down most operations during Christmas week to save money, but experts said the holiday lull was par for the course in the Silicon Valley.

The Internet company is mandating that most of its employees worldwide, except for those responsible for "essential functions" such as customer service, take off work Dec. 25 through Jan. 1.

In the U.S., employees can either use vacation time or take unpaid leave. Christmas and New Year's Day will still be paid holidays. Workers outside the country will be paid according to local standards, said spokeswoman Dana Lengkeek.

Sunnyvale, Calif.-based Yahoo told its staff about the break in April and has recommended that employees take the week off in the past, Lengkeek said.

FULL story at link.

[Way2go]

1. Surprising. I thought they had "turned the corner" and were

now back stronger than ever.