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Jerry Yang, layoffs, microsoft, Microsoft Yahoo, yahoo, Yahoo Cutbacks, Yahoo Job Cuts, Yahoo Layoffs
Jerry Yang, layoffs, microsoft, Microsoft Yahoo, yahoo, Yahoo Cutbacks, Yahoo Job Cuts, Yahoo Layoffs

Yahoo Layoffs Begin

Reuters Via ABC News   |   February 12, 2008 04:24 PM

Read More: Jerry Yang, Layoffs, Microsoft, Microsoft Yahoo, Yahoo, Yahoo Cutbacks, Yahoo Job Cuts, Yahoo Layoffs, Breaking Business News
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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.

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- realitytrumpsbull I'm a Fan of realitytrumpsbull permalink

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 permalink
photo

Queue funeral march dirge.

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

At least they waited until after Christmas...

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