A insider source from the Silicon Alley Insider is confirming that Yahoo! is about to cut 20% (1500-2500 jobs) within the next 2 weeks. With its market share dying and the stock dwindling for the last year while rivals have thrived is it the beginning of the end?
Others have written that it might be a sign of good changes for Yahoo! “trimming the fat”.
The decision to go ahead with lay-off is said to be largely dependent on stock price: Yahoo’s stock trading in the low $20s has gotten Jerry’s and president Sue Decker’s attention. Jerry will feel vulnerable if the stock goes into the teens and will try whatever he can to prop it up. He’s not ready to give up the CEO job, sell-out, or shop the company around at this point.
When you look at how much Yahoo has put into their Panama system but yet they have dumb shits running the affiliate program can this really be a surprise?
there is a funny quote in the techcrunch comments:
January 20th, 2008 at 11:25 am
Why don’t they lay off customer service? Wait, they can’t because they don’t have any.
Coin flip to techcrunch