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Massive Layoffs at Yahoo

Yahoo has followed through with the previously expected layoffs.

If the Twitter conversations weren’t confirmation enough, Jerry Yang has blogged about the mass layoffs.

Notice how the “shift” key is broken on Yang’s computer:

yahoos,

today, most of our layoffs in the US are happening, and they’ve been underway in other regions around the world.

this is a tough time for all of us and i wanted to take a moment to reach out to you.

saying goodbye to colleagues and friends is never easy. they all are dedicated members of our yahoo! family, who worked beside us and shared our passion.

but as you all know, we must take actions to better perform in today’s turbulent global economy. while we’ve found efficiencies in many parts of our business, laying off employees is unfortunately unavoidable. our difficult decision to let colleagues go reflects the changes we’re having to make to better align costs with revenues – something businesses in virtually every sector are also having to do.

for those who are affected by these layoffs, i am extremely grateful for your contributions to yahoo!. we realize the impact this will have on you. that’s why, consistent with our past practices, we’re making every effort to support you with severance packages and other services.

the reductions we’re making are very hard, but they are also very necessary — as we focus on the long-term health of our business. to those who are leaving us, i extend my heartfelt thanks on behalf of yahoos everywhere — you will be missed.

thanks,
jerry

TechCrunch is also reporting that Yahoo is expected to close down Brickhouse, its new product incubator.

My thoughts and prayers are with those receiving this unwelcomed Christmas present.

  • http://www.livelifetothefullest.biz/wpblog Matt Helphrey

    Thats a real drawn out letter…sometimes it’s just best to get to the point. Seriously though, how unprofessional is that not to use correct punctuation?

    Matt Helphrey’s last blog post..The Money Spot is Above the Fold

  • http://extrathought.wordpress.com Jon Jennings

    The lack of capitalization is just an affectation that Jerry Yang has always had.

    Jon Jennings’s last blog post..Twitter and Magpie

  • http://blog.b2bcommunications.com rebekah donaldson (‘red’)

    I think the man’s got cajones.

    The punctuation thing doesn’t bother me. First, I think he’s trying to convey to us without saying it, “this is not copy from my army of comm.s gurus and hr people.” Second, content is king.

    Like other professional communicators, I’ve got a pretty sharp nose for b.s. I don’t sense b.s. here. What I sense is that he feels bad about cutting off the people he’s cutting off.

    Those pink slipped can’t take regret to the bank. But feeling regret, acknowledging hardship, and communicating directly with the people affected are, to me, all indicators of a healthy moral character… and… cajones.

    rebekah donaldson (‘red’)'s last blog post..B2B marketing’s future

  • http://www.gadgets4nowt.co.uk PS3

    I work in corporate recovery but never lose sight of the damage cut backs have on individuals and families, especially this time of year. Sorry to hear the news.

  • http://www.speak-tome.com Ted Murphy

    jerry is feeling very small

  • http://www.adwords-secret.net JT

    I wonder if the same thing will happen to Google.

    JT’s last blog post..Zen and PPC campaigns

  • http://www.greatpriceshere.com Nicole Price

    There are strong rumors that Sareen of Vodafone is likely to join Yahoo as top honcho to revive its fortunes. Quite how that, if true, will pan out. Is it too late already?

    Nicole Price’s last blog post..Festive Discounts

  • http://themakemoneyfromhomeblog.com Kenney and Kim

    Dang, cause I love Yahoo. And Yahoo loves me (SEO). lol. Really though I would like to see Yahoo turn it around and stay the power house that they are. They have got to increase revenue though, they have a lot of banner ad buys, but obviously it’s not enough to add to their YPN and compete with Google.

  • http://www.seobrain.com/?p=10 SeoBrain

    So much bleeding for big company in this end of year. Very hard decission but they must do that to keep their finances stable. I hope next 2009 Yahoo will find their way again.

  • Pingback: Now we discover people don’t believe blogs - so stop blogging…! | Internet Psychology by Graham Jones

  • http://www.jordankasteler.com/utah-seo-pro-blog/ Utah SEO Pro

    The question is “Is Google next?”

    Utah SEO Pro’s last blog post..SEO and Usability – SES Chicago 2008 Presentation

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  • http://www.townofmyrtlebeach.com/myrtlebeachapartments/myrtlebeachapartments.html myrtle beach apartments

    this seems to be a plan to cut costs to attract a buyer

  • http://www.aidsdrugsonline.com AIDS Drugs

    Its nice the employees are likely getting good severance but I think its sad that they are having to cut jobs they are a very solid company.

  • http://blog.b2bcommunications.com rebekah donaldson (‘red’)

    There’s a good article out today (12/23/08) by Kelly K. Spors at the WSJ.com too that hits some notes like those I expressed earlier/above. Spors’ article is “If You Fire People, Don’t Be a Jerk About It” http://online.wsj.com/article/SB122981253999624231.html?mod=djemSB

    rebekah donaldson (‘red’)'s last blog post..B2B marketing’s future

  • http://www.layoffgossip.com chetan

    People always hate to talk about when they are laid off. But as it has become every day’s news headline since Yahoo started it with cutting 1500 of its task force last year, now a need of platform has been in demand where people can express their selves in words how they are feeling about their company, whey the got laid off was that justified or not.
    And every thing they want to tell anonymously.And http://www.layoffgossip.com is providing you that platform.

  • http://www.joboutlets.com Jeff

    I have a very close friend, who graduated from Harvard. Worked for ML for over 8 years, last year he’s laid off too. OMG, now the banking industry is badly hurt, how long it would take for those financial background like him get back to the job market. Banking jobs are not there as much as before as easily seen on http://www.joboutlets.com and other job sites in the region