It’s official. According to The New York Times, 1500 people no longer work for Yahoo. If that’s not bad enough, these may not be the last round of layoffs:
“There could be additional staff reductions next year,” said Brad Williams, a Yahoo spokesman. “It depends on the decisions we make about prioritization, and on things we can’t predict in the economy.” Mr. Williams added: “We are trying to instill a culture of cost-discipline in our business.”
I’m guessing that for those who remain at Yahoo, that statement is enough to get them to mass e-mail their CV’s to recruiters and HR managers everywhere. Assuming they’re not already doing that.
Oh, I should point out a couple of things about this New York Times article. There’s a link in it to Valleywag there that details the spin that Yahoo bosses are to use when sacking an employee. Also there’s a link in the same article in which soon to be ex-CEO Jerry Yang penned a blog entry in the company blog.
These are sad times. One wonders if things would be different if Yang sold the company to Microsoft when he had the chance.