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Jerry Yang: Throne of Blood
Digital Daily —
Yahoo is certainly embracing its new market underperform rating, isn’t it? With rumors of December layoffs in the wind, shares in the company are trading in the $11 range today, after dipping below $12 Wednesday to yet another new 52-week low. That’s about half the price that Mithras Capital Partners suggested Yahoo sell itself to Microsoft last week, a little more than a third of Microsoft’s (MSFT) $31-per-share offer, which Yahoo CEO Jerry Yang claimed “massively undervalued” it, and almost a quarter of the $40-a-share ...
Rumor: Yahoo! Belt Tightens On 3,500 Jobs
Pulse2 - Technology News And Reviews —
... “I guess Jerry Yang feels that maybe he would have better luck betting the whole company on a Las Vegas table than he has at running it. As you reported, our CFO is cutting the severance packages (I guess so he can fund the multimillion dollar holiday party),” stated the Valleywag tipster. “Employees are outraged and are planning to boycott the party. Maybe they should have surveyed the employees to see if they wanted to attend one party or get better benefits in their layoff packages. My finance peers should get their resumes updated as 50% of us will ...
Oh, I dunno, maybe we might buy Yahoo after all, or not [Microsoft]
Gawker: valleywag —
... Yahoo's stock leapt 17 percent, though it wasn't clear from his remarks, made at a Gartner conference in Florida, whether he was talking about a search partnership or a full acquisition. Either way, Ballmer: Make up your frickin' mind. There are 3,500 Yahoos who are about to lose their jobs, not to mention that cushy post-Microsoft severance package Jerry Yang ginned up. Oh, wait, there's more! ...
Ballmer Talks About Yahoo!
WebProNews Feed —
... Meanwhile, ValleyWag received word that Yahoo intends to cut 3,500 jobs , "chiefly in sales and finance", on December 10th. Yahoo shares did rise 9% in early trading today though. Update: To go ahead and squash any speculation, Microsoft issued a press release simply saying: Our position hasn t changed. Microsoft has no interest in acquiring Yahoo!; there are no discussions between the companies. ...
Yahoo Cutting 3,500 Jobs?
WebProNews Feed —
... true, Yahoo CEO Jerry Yang and board chairman Roy Bostock are looking worse and worse. Remember all that grandstanding last spring about employee severances and retention packages when Microsoft s offer to buy was still on the table? Remember the nasty letters between Carl Icahn and Bostock about that and how Bostock seemed to be looking out for employees and Icahn said it was just a poison pill to add a couple of billion to the price tag and dissuade Microsoft? Member? Yeah, well, Valleywag credits and inside finance source at Yahoo with a tip that the company plans to ...
Fortune unpublishes report of 3,000 job cuts at Yahoo [Great Moments In Journalism]
Gawker: valleywag —
... Is Yahoo cutting 3,000-plus jobs? A source inside the company says plans have been set to slash 3,500 jobs on December 10. And, briefly, Fortune's Techland blog ...
I’ve Got Good News and Bad News
Mashable! —
... taking place. As is expected from the climate of fear that came as a result of Sequoia’s “RIP Good Times” slide deck and the monumental losses last week on Wall Street, many web firms are laying off staff.
Several new reports and rumors filed in today:
Pandora laid off 20 employees yesterday.
Cisco planning to lay of 129 in Dallas.
Tesla, the electric car company, lays off “dozens.”
.. and perhaps most startlingly Yahoo plans to cut 3,500.
Zivity lays ...
News Bits: Yahoo Might Lay Off 3,000
Contentinople: —
... : "Yahoo needs to fire about 3,000 more people and cut a similar amount of non-headcount cost. This will slice about $250 million of fat out of Yahoo's quarterly expense tab, for total annual savings of about $1 billion." ValleyWag had reported on Wednesday that "a source inside the company" has said Yahoo will layoff 3,500 employees on Dec. 10. In other news: Speaking of Yahoo-related take-back news: ...
Oh No! Not Yahoo & Microsoft Again?
The Blade by Ron Schenone, MVP —
... advertising, there are no discussions now, Ballmer said today at a Gartner Inc. conference in Orlando, Florida.
It is bad enough we get clobbered every day with sad economic news, home foreclosures, endless political commercials, even having to watch George W. say nothing at his morning economic briefings. But the Yahoo-Microsoft junk is enough to make a billy goat puke.
Just my 2 cents.
Comments welcome.
Source
Bloomberg
What Yahoo’s Looming Costs Cuts Actually Mean (Not As Many Layoffs As You Think)
BoomTown —
... A lot has been written about the need for drastic layoffs at Yahoo, including reports that the troubled company was preparing to fire from 3,000 to 3,500 of its 15,000 employees. ...
Lay off, already [Recap]
Gawker: valleywag —
Layoffs, layoffs, layoffs, layoffs, Elvis impersonator, report of layoffs disappears, layoffs, layoffs, layoffs by blog post, layoffs, layoffs, rumor of layoffs, layoffs, layoffs, PDF layoff. On a brighter note, Valleywag has hired Jason Calacanis, according to ZDNet. How was your week? (Screenshot from Jason Calacanis's Flickr)
...
Yahoo management orders budget cuts [Layoffs]
Gawker: valleywag —
Yahoo's layoffs? They're now Wall Street Journal official, which means someone in upper management decided to talk to a reporter at the newspaper before Yahoo's own employees got the word. Not that there is yet any word on how many Yahoos, exactly, are losing their jobs; Yahoo managers have been ordered to cut their budgets by 15 percent, but decisions on specific jobs won't come for weeks. Once again, Yahoo's grinding bureaucracy and nice-at-all-costs culture is keeping it from making the swift decisions its business — and its workforce — ...
Getting Fit With Jerry Yang, Redux
Digital Daily —
... that the company is planning to sack at least as many employees as it did in January, when it fired 1,000 of its 15,000 workers. That’s not the 3,000 to 3,500 number that had been rumored, ...
Yahoo May Announce Layoffs This Week
Wired: Epicenter —
... There is now word yet on an official number of cuts, but rumors have been floating around of around 3,500. There was a total of about 14,300 employees at the company in June. ...
Yahoo Flushing More Jobs
WebProNews Feed —
... . "Let's also hope the company doesn't cut too few people and then have to go through the same horrific process again in Q1." According to an inside finance source at Yahoo who spoke with Valleywag , they were indeed planning to wait until December. "Sounds almost like a typical corporate rumor, complete with dramatic and egregious ironies: The tipster says layoffs are planned for December 10, just four days after a multi-million-dollar company-wide Christmas party," our own Jason Miller commented. "Merry Christmas, you re fired. Hope you saved enough to have at least a happy ...
A guide to Yahoo's mass layoff [Meltdowns]
Gawker: valleywag —
... December 10 has long been rumored as the date for the layoffs. (We first heard in October.) Nevertheless, some Yahoo employees were in the dark — until they logged on to the Yahoo intranet and noticed that the HR department had booked every single conference room at the company's Sunnyvale, Calif. headquarters. Others are ...
