Yahoo Inc. will lay off nearly 700 workers after getting off to a bumpy start under a tough-talking new boss who has promised to engineer a long-awaited turnaround at one of the Internet’s best-known franchises. (AP)
No CommentsAbout time…enough said.
Yahoo announced that Yang, 40, will step down as CEO and return to his former role as “Chief Yahoo.” The company’s board said it has hired headhunter Heidrick & Struggles to find a replacement. (CNN)
No CommentsOuch. According to ValleyWag, Yahoo employees invited to party right before being laid off in time for Christmas.
A tipster tells us that Yahoo plans to cut 3,500 jobs, chiefly in sales and finance, on December 10 — while keeping plans for a multimillion-dollar holiday party days before the cuts. (ValleyWag)
No CommentsHmmmm, let’s see. Would you rather be unemployed or worrying about the implications of a sweet Microsoft acquisition.
Also, it seems like acknowledging that sort of risk doesn’t bode well when you are trying to increase the price of the offer.
From Yapoo’s 10K
“Microsoft’s unsolicited acquisition proposal has also created uncertainty for our employees and this uncertainty may adversely affect our ability to retain key employees and to hire new talent.”
No Comments