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April 29, 2009
Yahoo Fires Them On The Road, Hundreds Get Axe Today
Looks like no one can hide from the Yahoo axe today. Last week it was going to be 700, today the number is 600 - but people are being aggressively laid off - apparently even employees on the road are getting notification of termination, according to Silicon Alley Insider.
Morale must be low over at Yahoo right now, especially after CEO Carol Bartz stated, ""You have three people telling project engineers what to do, and nobody's fucking doing anything," during an analyst earnings call last week, CNN Money reported.
Stock prices have risen about 4% today - similar to the reaction to the layoff announcement last week. Sad if layoff notifications are the only time the stock gets spikes.
Posted by Frank Watson on April 29, 2009 1:11 PM
Comments
Does Fox own Yahoo? Yahoo "news" is little more than a right-wing diatribe these days. Here's hoping Yahoo goes belly-up, and soon.
Steve April 29, 2009 9:51 PM
Funny you will need to get a new email address when yahoo goes legs up... but I think it will be around for some time to come.
Aussiewebmaster April 29, 2009 10:01 PM
