Yahoo To Lay Off More Than 1,000 Employees

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The Wall Street Journal says that Yahoo plans to lay off more than a thousand employees as soon as tomorrow. This makes you wonder if Jerry Yang is going to offer those people the severance packages he demanded from Microsoft during the failed takeover earlier this year. I mean, Jerry thought they deserved it then…why not now?

Yahoo plans to announce significant cost cuts, including layoffs, possibly as early as Tuesday when the troubled Internet firm announces its third-quarter results, The Wall Street Journal reported Monday. The newspaper, citing "people familiar with the matter," said that the exact number of jobs to be cut was not clear but it would be more than the 1,000 jobs the Sunnyvale, California-based company announced it was cutting in January.
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Heh, when are they going to lay Jerry Yang off? The guy is driving the entire company into the ground.
 
I bet Yahoo! stockholders are saying "that $32 a share sure looks good right about now" while crying themselves to sleep at night.
 
Vermillion said:
I bet Yahoo! stockholders are saying "that $32 a share sure looks good right about now" while crying themselves to sleep at night.
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I think they were doing that the first time it was offered. The board was the only one against it from what it seemed.
 
well, just like all the other companies that went up against Microsoft, like Netscape, they had a chance to take a good deal, and instead now microsoft will offer them an even lower bid for take over or just squash them like a bug.
 
TheCreator said:
Their CEO is a joke.... that is all.
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The problem with that is, the board kept him on staff. So the board of directors are just as much clowns as Jerry for letting him sink Yahoo! Then MS can come in and pick their bones once Yahoo goes under.
 
What a bunch of jackasses, seriously.

There should be some sort of law to prohibit this. Your board of directors rejects what the shareholders work, and ends up driving the company into the ground: someone should be accountable.
 
TechieSooner said:
What a bunch of jackasses, seriously.

There should be some sort of law to prohibit this. Your board of directors rejects what the shareholders work, and ends up driving the company into the ground: someone should be accountable.
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I think they tried to make it a law but the populace went up in arms about it, saying that if the government started sticking their nose into things like this, we might as well be socialist. I'm thinking of Enron.
 
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