Yahoo Layoff Memo Full Text

Yahoo is going to fire at least 10 percent of its global workforce by year-end, CEO Jerry Yang told employees in a company wide memo today (1400+).

Unfortunately, "affected employees" won't know for "several weeks."

"We understand that hearing this news now creates uncertainty," says Jerry, "but we are moving ahead in a way that balances speed with a clear focus on accomplishing what is necessary to set the organization up for long term success."

The whole memo:

Read the whole story here.

Comments

[fcsakes]

Maybe if they had paid more attention to their customers and worried less about the shareholders, things might have turned out differently. Shareholders want to scream about the bottom line? Let them. Soon there won't be a bottom line to worry about.

[Harry Scrote]

Did I read incorrectly, that Yahoo endorsed M c cl an?

[SydneyS]

You probably read, or heard, that Eric Schmidt, the CEO of Google, has joined Obama's campaign:

http://www.huffingtonpost.com/2008/10/20/google-ceo-schmidt-backs_n_136215.html?show_comment_id=17033173#comment_17033173

http://online.wsj.com/article/SB122446734650049199.html?mod=googlenews_wsj

Hope that Eric Schmidt and Warren Buffet can match the depth of knowledge that 'Joe the Plumber' has brought to McCain/Palin team. If not, you might see more mailers that Obama is a Muslim!

[strangerinthenight]

well, this is what the next POTUS is going to solve. I doubt any one can.

[ReasonIsMyReligion]

So, the calculus is to scare the most able-bodied into fleeing the ship?

And THAT's culling the correct 10%?

Well intended. Bad idea.