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- On an otherwise dismal day, Yahoo! stocks surged on October 16, 2008, over rumors that Microsoft was interested in buying Yahoo--rumors found ultimately to be untrue.New York Times: Microsoft’s Ballmer sneezes. Yahoo has tissues. Stock soars. (October 16, 2008) Infoworld: [http://www.infoworld.com/article/08/10/
- [[Yahoo!|Yahoo]] laid off approximately 7 percent of its workforce in February 2008The Saj Jose Mercury News: Microsoft targets engineers at Yahoo (June 20, 2008)
- 2007 fourth quarter net profit fell 23 percent compared to the same period in 2006
- Earnings per share fell 15 cents in the fourth quarter of 2007CNNMoney.com: Yahoo disappoints, to cut jobs (January 30, 2008)
- After the news of the job cuts, Yahoo stock decreased in value by 10 percentCNNMoney.com: Yahoo disappoints, to cut jobs (January 30, 2008)
- Employees: 14,300 (as of March 2008)Google Finance: Yahoo Profile
- In a conference call after fourth quarter earnings were released, Jerry Yang described the layoffs as a "workforce realignment"CNNMoney.com: Yahoo disappoints, to cut jobs (January 30, 2008)
- Yahoo has approximately 500,000 people visiting the site worldwide each monthThe New York Times: Yahoo to Cut 1,000 Jobs, and Warns on Growth (January 20, 2008)
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Tech blog Lalawag is reporting that layoffs at Yahoo! has already commenced, after the search company posted disappointing results for the first quarter 2009. Initial reports of potential layoffs began on April 15, 2009. Lalawag is reporting that 600 employees could be effected by the layoffs.Lalawag: Yahoo! Layoffs Begin (April 29, 2009)
2008 Layoffs
In October 2008 [[Yahoo!|Yahoo]] announced its second round of layoffs after releasing the firm's third quarter revenue report. 10 percent of the company's workforce, about 1,500 employees, are expected to lose their jobs. According to reports, the layoffs, which were originally expected before the Thanksgiving holiday, occurred on December 10, 2008. The company said it would save $400 million, funds that will help to offset the slowdown in sales.CNN Money: Yahoo layoffs won't solve bigger issues (October 21, 2008) Washington Post: Yahoo Layoffs Expected to Hit This Week (October 19, 2008) CNET: Report: Yahoo layoffs to come Wednesday... (December 8, 2008)After a disappointing fourth quarter in 2007, [[Yahoo!|Yahoo]] announced that it would cut 1,000 jobs in mid-February of 2008.The New York Times: Yahoo to Cut 1,000 Jobs, and Warns on Growth (January 20, 2008) Jerry Yang, Yahoo's CEO, warned that the company may experience "[[Yahoo! Headwinds|headwinds]]" in the 2008 fiscal year. However, Yahoo did stress the importance of focusing on its core business and investing aggressively in advertising campaigns.
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Yahoo Layoffs Questions
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people now regularly twitter their layoffs in realtime. wasn't that long ago @ryankuder got attention for live-tweeting his yahoo exit.
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http://news.yahoo.com/s/ap/us_aol_layoffs aol layoffs.
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Even as layoffs persist, some good jobs go begging (AP) - Yahoo... http://tinyurl.com/ygxj7zf
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Congress Can Move Now to Prevent Layoffs, Plant Closings http://news.yahoo.com/s/thenation/20091117/cm_thenation/1497974
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