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Yahoo Layoffs Begin

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First Posted: 02-12-08 04:24 PM   |   Updated: 03-28-08 02:45 AM

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Reuters Via ABC News:

As expected, Yahoo Inc began carrying out lay-offs up to 1,000 employees on Tuesday, as part of job cutbacks announced last month, several employees at the company's headquarters said on Tuesday.

A spokeswoman for Yahoo, which is seeking to fend off an unsolicited takeover bid by Microsoft Corp , declined to comment on the cutbacks beyond the general outlines Yahoo executives provided in an investor conference call last month.

One Yahoo engineering manager who was having to fire staff himself said the cuts were spread across a variety of divisions. They are performance-based rather than part of a plan to shut-down whole operations, said the source, who declined to be named. He gave no further details.

Read the whole story: Reuters Via ABC News

As expected, Yahoo Inc began carrying out lay-offs up to 1,000 employees on Tuesday, as part of job cutbacks announced last month, several employees at the company's headquarters said on Tuesday. A ...
As expected, Yahoo Inc began carrying out lay-offs up to 1,000 employees on Tuesday, as part of job cutbacks announced last month, several employees at the company's headquarters said on Tuesday. A ...
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- realitytrumpsbull I'm a Fan of realitytrumpsbull 32 fans permalink
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Why are they doing this? Losing money? Tired of it? Being outsourced to China? Owned by China?

LOL

    Favorite    Flag as abusive Posted 05:54 AM on 02/13/2008
- WIpatriot I'm a Fan of WIpatriot 36 fans permalink
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Queue funeral march dirge.

    Favorite    Flag as abusive Posted 05:15 PM on 02/12/2008
- ErnestineBass I'm a Fan of ErnestineBass 442 fans permalink

At least they waited until after Christmas.­..

    Favorite    Flag as abusive Posted 11:25 PM on 02/12/2008
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