Rumor: Yahoo May Fire 3,500 People
ADOTAS – Yahoo is getting ready for another round of layoffs. The Internet pioneer’s chief, Jerry Yang, issued an ominous memo on Sept. 23 in which he announced the hiring of Bain consultants to get the company “fit as an organization.” In other words: prepare for a bloodbath.
According to the Silicon Alley Insider, layoff rumors are swirling. Some say as many as 3,500 will go (well over 20% of its team), though many say that number is far too high.
Reader Comments.
The company totally deserves it. As an advertiser, what would you expect when they change their systems and it reduces their revenue.
I don’t know about anyone else, but before Panama - and their minimum bids for Activation, I was spending 3-4 times what I do today. You tell me why it makes sense to put a minimum on a keyword that no one is bidding on? It doesn’t. Do it a few million times a day, and you lose a ton of business for both of us.
Instead of getting rid of people, why doesn’t Yahoo start focusing on their clients and customers? Of course, then they would have to ditch that “we’re the keepers of the keyword” philosophy and arrogant style they’ve had since it was Overture. They really should stop smelling their own farts.
The ads on this page are obscenely obnoxious.
Leave a Comment
Article Sponsor
More News
Latest News
- Layoffs: A Holiday To Remember December 4th 2008 ADOTAS — A lot of unhappy people will be hitting [...] more »
- Credit Card Free Fall December 4th 2008 ADOTAS — The Internet will end as we know it [...] more »
- Marketers Not Poking Facebook December 4th 2008 ADOTAS — Top marketing people still don’t view social networking [...] more »
- The Rich Still Have More Fun December 4th 2008 ADOTAS — As everyone drowns in the economic tsunami, the [...] more »
- Microsoft buys Yahoo talent December 4th 2008 ADOTAS — By the time Yahoo has a CEO, it [...] more »
- Suing The (Ad) Messenger December 4th 2008 ADOTAS — First it was the media’s fault. Now it’s [...] more »
- Reality Bites Google December 3rd 2008 ADOTAS – Google’s era of open-handedness is screeching to a [...] more »
Features
- Small Business Survival: Geographical Targeting, Audience & Intent December 4th 2008
- Down Year Will Bring Opportunities December 3rd 2008
- Mobile to the Rescue December 2nd 2008
- Ideas On Effective Management December 2nd 2008
- Quality Video: DIY (Cheap) or Else December 1st 2008
Spotlight
Mobile to the RescueADOTAS EXCLUSIVE — The industry is still wary about mobile advertising — does it work, how significant is the ROI [...] more...
Reader Favorites
Classifieds
Recent Comments
- Edward: Ivan, I appreciate your post. I think we do a good job, especially in our
- Ivan: I'm getting tired of all these negative articles. Why not focus on how to make
- Sid Blair: I was laid off several months ago from my agency and while I haven't found
- Hudey: This article doesn't mention our technology, but it's as if this article was written about
