Tuesday 14 December 2010

Reports: 650-700 layoffs expected at Yahoo today | ZDNet

Reports: 650-700 layoffs expected at Yahoo today

By Sam Diaz | December 14, 2010, 2:30am PST

Summary

There won’t be much holiday cheer at Yahoo today, if reports about a round of layoffs are true.
Word is that anywhere from 650 to 700 people will lose their jobs today, mostly in the product groups headed by Blake Irving, a former Microsoft exec brought in by CEO Carol Bartz in April as part of [...]

Blogger Info

Larry Dignan

Biography

Larry Dignan

Larry Dignan

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CNET News.com. Larry has covered the technology and financial services industry since 1995, publishing articles in WallStreetWeek.com, Inter@ctive Week, The New York Times, and Financial Planning magazine. He's a graduate of the Columbia School of Journalism and the University of Delaware.

For daily updates, follow Larry on Twitter.

Sam Diaz

Biography

Sam Diaz

Sam Diaz

Sam Diaz is a senior editor at ZDNet. He has been a technology and business blogger, reporter and editor at the Washington Post, San Jose Mercury News and Fresno Bee for more than 18 years. He's a member of the National Association of Hispanic Journalists and a graduate of California State University, Fresno.

Andrew Nusca

Biography

Andrew Nusca

Andrew Nusca

Associate Editor

Andrew J. Nusca is an associate editor for ZDNet and SmartPlanet. As a journalist based in New York City, he has written for Popular Mechanics and Men's Vogue and his byline has appeared in New York magazine, The Huffington Post, New York Daily News, Editor & Publisher, New York Press and many others. He also writes The Editorialiste, a media criticism blog.

He is a New York University graduate and former news editor and columnist of the Washington Square News. He is a graduate of the Columbia University Graduate School of Journalism. He has been named "Howard Kurtz, Jr." by film critic John Lichman despite having no relation to him. A native of Philadelphia, he lives in New York with his fiancee and his cat, Spats.

Follow him on Twitter.

There won’t be much holiday cheer at Yahoo today, if reports about a round of layoffs are true.

Word is that anywhere from 650 to 700 people will lose their jobs today, mostly in the product groups headed by Blake Irving, a former Microsoft exec brought in by CEO Carol Bartz in April as part of a massive turnaround effort for the company. The cuts would represent about 5 percent of the company’s workforce, last reported at a little over 14,000 in October.

Kara Swisher’s Boomtown blog notes that those being let go will be notified today and likely will have to leave the facilities immediately. The cuts will be completed by early afternoon, Boomtown reported.

Under Bartz, the company has continued to struggle, despite a search deal with Microsoft and attempts to re-focus their key efforts around original content and other core sites, such as e-mail and finance.

Kick off your day with ZDNet's daily e-mail newsletter. It's the freshest tech news and opinion, served hot. Get it.

Sam Diaz is a senior editor at ZDNet.

Disclosure

Sam Diaz

Sam Diaz has nothing to disclose.

Biography

Sam Diaz

Sam Diaz is a senior editor at ZDNet. He has been a technology and business blogger, reporter and editor at the Washington Post, San Jose Mercury News and Fresno Bee for more than 18 years. He's a member of the National Association of Hispanic Journalists and a graduate of California State University, Fresno.

Talkback Most Recent of 1 Talkback(s)

  • RE: Reports: 650-700 layoffs expected at Yahoo today
    Waves @ Between the Lines
    Larry Dignan, Sam Diaz, Andrew Nusca
    I don't get the Internet giants an the "If we are not the King of the crop therefore we are nobody additude". I mean it is just educated people typing and sending todays achievements or screw-ups Via a vibration . What is there to turn around ? Get a grip Yahoo.com
    ZDNet Gravatar
    cybursoft
    12/14/2010 03:39 AM

Talkback - Tell Us What You Think

Flickr - projectbrainsaver

www.flickr.com
projectbrainsaver's A Point of View photoset projectbrainsaver's A Point of View photoset