<![CDATA[Valleywag: Layoffs]]> http://cache.gawker.com/assets/base/img/thumbs140x140/valleywag.com.png <![CDATA[Valleywag: Layoffs]]> http://valleywag.com/tag/layoffs http://valleywag.com/tag/layoffs <![CDATA[ Intuit gives 575 employees permanent, unpaid vacations ]]> In a press release yesterday, financial software company Intuit announced a realignment, and by realignment, they mean laying off seven percent of the company's workforce — mostly in finance, according to a tipster. The press release went out well before individual employees were notified of their status, which can't have helped morale with everyone thinking they might get a pink slip. The company also revised earnings expectations downward. How did Wall Street react? After a brief boost Wednesday morning, the company's share price was right back to the level before the layoff announcement. Yahoo may be using the word reorganization instead of realignment, but in the end it will mean the same thing.(Photo by Peter Kazanjy)

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Fri, 27 Jun 2008 12:20:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=5020338&view=rss&microfeed=true
<![CDATA[ Online-video site Heavy lays off 25 out of 105, spins off ad network ]]> Young man's video site Heavy will lay off nearly a quarter of its staff — 25 out of 105 workers — as it cuts costs and spins off its video ad network Husky Media into a separate company. Most of the layoffs will come from tech and ad sales. Heavy co-CEO Simon Assaad told PaidContent the re-org will make the site profitable this year. We're not surprised. Buying shady traffic cheap and then selling it on to ad agencies at a higher price may not be a way to build a business for the long haul, but it'll get that cash flowing fast.

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Thu, 05 Jun 2008 12:40:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=5013563&view=rss&microfeed=true
<![CDATA[ Everybody at CNET superexcited to move to CBS, except for those canned on Monday ]]> mp3com.jpgA "handful" of CNET's MP3.com music writers got laid off on Monday. Otherwise, News.com's Caroline McCarthy tells us CNET employees are actually very excited about the CBS acquisition — if only because CBS owns all the rights to Star Trek. Nerds.

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Fri, 16 May 2008 12:40:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=391304&view=rss&microfeed=true
<![CDATA[ Yahoo's short-term plan: layoffs and lawsuits ]]> YahooCubicles.jpgA still-independent Yahoo filed a 10-Q with the SEC last week, putting in writing some its current realities as well as its expectations for the coming quarter. Severance packages and other layoff expenses cost Yahoo $29 million in the first quarter. It plans to pay another $15 million in the second. Yahoo also now faces at least 10 shareholder lawsuits following the Microsoft merger negotiations.

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Mon, 12 May 2008 08:40:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=389460&view=rss&microfeed=true
<![CDATA[ Will the last Akimbo employee please turn out the lights ]]> akimbo_logo.jpgAkimbo has laid off nearly everyone except for its executives, according to a tip we just received. An early entrant in the TV-over-Internet field, Akimbo saw its original CEO Joshua Goldman leave for the luxury of investing in other video startups. The company dumped its set-top box business to sell Internet video-on-demand software to other hardware manufacturers. So far $47 million has been poured into the company by the likes of Cisco Systems, Draper Fisher Jurvetson and Kleiner Perkins' William R. Hearst III, who serves on Akimbo's board. Any Akimbo employees out there want to confirm or contradict our tipster's impression that CEO Tom Frank and COO Neil Goldberg are mismanaging the aging startup?

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Thu, 01 May 2008 16:40:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=386384&view=rss&microfeed=true
<![CDATA[ Steve Ballmer to hold town hall at Microsoft tomorrow ]]> microsoft_steve_ballmer_scratches_pate.jpgMicrosoft CEO Steve Ballmer has scheduled a "town hall" meeting for Microsoft employees tomorrow at 9 a.m. The subject of Yahoo will probably come up, but why would Microsoft employees beyond executives care?

Jobs. Microsoft has put $1.5 billion on the table to retain Yahoo employees, but what about the kids in Redmond? The combined workforce — around 79,000 at Microsoft and 13,800 at Yahoo — is a lot closer to 100,000 than any investor would like to see. Many of the employees at the two companies are investors through stock and option programs. All the same, they might take a dimmer view of new staff efficiencies than your typical equity holder. (Photo by AP/Virginia Mayo)

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Wed, 30 Apr 2008 12:40:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=385796&view=rss&microfeed=true
<![CDATA[ Microsoft plans to offer Yahoos $1.5 billion if they'll stay with the company ]]> During proceedings in a shareholder lawsuit against Yahoo's board, Microsoft lawyers said that the company has set aside $1.5 billion to retain Yahoo employees. This cash is separate from a Yahoo board-approved severance package that guarantees two years' pay to anybody laid off after a change in control. Already, two-thirds of our readers said they would prefer to see Yahoo merge with Microsoft instead of AOL. Sources confirm the sentiment is similar inside of Yahoo. (Photo, "Free Man's Prison," by code_martial)

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Wed, 30 Apr 2008 10:00:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=385676&view=rss&microfeed=true
<![CDATA[ New AOL ad boss Lynda Clarizio fires 100, more cuts coming ]]> Lynda_Clarizio.jpgAOL will layoff "less than 500" from its Platform-A advertising division starting today. The severance packages "stink," a source tells Silicon Alley Insider . AOL calls the cuts an ongoing "alignment," not a layoff, and suggests the number headed for the street is closer to 100.

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Fri, 18 Apr 2008 11:20:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=381538&view=rss&microfeed=true
<![CDATA[ AMD cutting more jobs ]]> AP06072409457-thumb.jpgChipmaker AMD is cutting 10 percent of its workforce, about 1,650 jobs. Just last month the company axed 800 workers. The proximate cause: a prolonged price war between intel and AMD, lengthened by AMD's late introduction of a high-end chip for servers. [WSJ]

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Mon, 07 Apr 2008 15:00:00 PDT Jordan Golson http://valleywag.com/index.php?op=postcommentfeed&postId=377027&view=rss&microfeed=true
<![CDATA[ Security firm Symantec to lay off security group ]]> enrique_salem_lg.jpgA Symantec employee tells us that on April 18, management will cut most of the company's engineers in Durham, North Carolina and over a third of its Mountain View workforce. "This is not unexpected," our tipster tells us. "Since the merger of Veritas and Symantec there has been a layoff each spring and fall." Employees have, however, confronted management to ask why a software security firm would lay of security developers first.
At an all hands meeting last week [Symantec COO] Enrique Salem tap-danced around the question from an employee dealing with "If Symatnec claims to be a security company why are we laying off the folks that do security, authentication and authorization, for Netbackup, and other Veritas products?"

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Mon, 07 Apr 2008 08:20:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=376739&view=rss&microfeed=true
<![CDATA[ BlackBerry doormat Visto cuts London staff by a third ]]> VistoLogo.jpgVisto CEO Brian Bogosian likes to tell reporters to expect an IPO soon. But first: layoffs. The mobile email company will cut its London workforce by a third, laying off "senior IT staff, development, product services and pre-sales workers," reports the Register.

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Fri, 04 Apr 2008 15:20:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=376382&view=rss&microfeed=true
<![CDATA[ On Wall Street, layoffs mean you get $50,000 for never showing up ]]> WallStreetBull.jpgGoogle offered laid-off DoubleClick employees two options: take two months pay and find work at a competitor or take four months pay and join another industry. Some lucky DoubleClick employees were offered contract positions, which means they have to head to the elevator and buy lunch on the streets every day just like any other non-Googler. Meanwhile, further downtown on Wall Street, MBA grads who recently won jobs at the crashed-and-burned Bear Stearns won't get them. The company has rescinded its offers, reports SAI. But JPMorgan Chase — the company that bailed out Bear Stearns — will still pay the no-longer-needed new hires their promised $50,000 to $60,000 relocation bonuses and offer them career services.

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Fri, 04 Apr 2008 07:00:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=376026&view=rss&microfeed=true
<![CDATA[ RedEnvelope issues hundreds of pink slips ]]> RedEnvelopeSan Francisco-based online and catalog retailer RedEnvelope, abandoned by its CEO and its bank, has laid off substantially all of its 200-some employees, we hear. The website is expected to go offline Friday morning. The company, founded in 1997 and taken public in 2003, was hit by woes both old and new. For an e-commerce business, it was slow to embrace change, relying too long on its printed catalogs, and failing to embrace even the most basic techniques of acquiring customers online.

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Thu, 03 Apr 2008 23:29:02 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=375985&view=rss&microfeed=true
<![CDATA[ Your pink slip is here ]]> Dell will lay off more than the 8,800 employees it originally estimated last year, CEO Michael Dell told analysts. Since last year, the company has fired 3,200. Another 900 will go with the impending closure of an Austin, Texas factory. [WSJ]

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Thu, 03 Apr 2008 14:20:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=375762&view=rss&microfeed=true
<![CDATA[ Some DoubleClick layoff victims now foosball-free Google contractors ]]> DoubleClickPiggies.jpgA select few of the 300 DoubleClick employees Google laid off yesterday will be placed into "transitional roles" and offered contract positions, reports the WSJ. That's not much of a reprieve. Google HR makes contractors sign agreements to abide by strict rules. They're not allowed to " use massage chairs, videogames, pool tables, foosball tables or other entertainment facilities on Google's campus," according to one such agreement leaked to us. Probably won't get to eat the food, either. Read the whole thing below:

Caterers_dissed.jpg

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Thu, 03 Apr 2008 13:00:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=375573&view=rss&microfeed=true
<![CDATA[ Former Spy magazine publisher writes corporate memo ]]> Google plans to sell DoubleClick's search engine marketing division. "Maintaining objectivity in both search and advertising is paramount to our mission and core to the trust we ask from our users," Google's DoubleClick integration boss Tom Phillips wrote on the company's blog. In the '80s, Phillips ran a magazine called Spy which would have skewered him for such carefully groomed language. [WSJ]

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Thu, 03 Apr 2008 09:00:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=375547&view=rss&microfeed=true
<![CDATA[ After Google layoffs, we ask DoubleClick employees, "How was your day?" ]]> NEW YORK — Google laid off around 300 DoubleClick employees today, one still with the company told me this afternoon. We were standing outside DoubleClick's headquarters at 111 8th Avenue in Chelsea, where I spent the afternoon asking DoubleClick employees how their day went.

One employee during his smoke break told me, "I guess I'm fine." His friend said, "We're moving on to Google. Looking forward to the free food." Others weren't so dispassionate: "It's never a good day when you lose colleagues that you know and love to work with." Another told me, "There's sadness on both sides." Most of the DoubleClickers turned Googlers I spoke with — those moving on to Google's scooters, free Odwalla juices and inflatable toys — told me they feel "survivors' guilt."

But not all of them. One told me that when he found out who was laid off, he wasn't surprised. "They had performance issues," he said. He also told me that Google did not make DoubleClick employees reapply for their jobs. "There some committees," he said," but most of it happened behind closed doors."

I spotted two guys smoking by the curb, and before I noticed the Google logos on their apparel, I asked: "You work at DoubleClick?" They answered at the same time: "No." OK, then.

Most said that people who lost their jobs today pretty much knew it was coming. But there was still suspense. Waiting to interview people as they left the building, I noticed a man standing near me also waiting. He looked nervous. I asked him if he worked in the bulidng. "No, my friend does." "DoubleClick?" "Yes." "Did he get laid off?" "When he comes out he's going to tell me." He came out. I asked him "You work at DoubleClick?" "I used to," he said. His friend flinched before he continued: "I work at Google now."

I caught one last DoubleClick employee hurriedly shuffling off toward his subway stop. "How was your day?" He answered, halfway down the subway station stairs: "I'm employed!"

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Wed, 02 Apr 2008 17:20:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=375419&view=rss&microfeed=true
<![CDATA[ Yahoo finally wins one, beats Google's DoubleClick severance package ]]> Yang_hurrah.jpgCommenter and steadfast Yahoo apologist MarktheMarketWatcher zings Google's skimpy severance package for laid-off DoubleClickers:
Yahoo! has promised, at a minimum, a 4 month severance package to anyone who might be terminated in the event of a Microsoft takeover. So whose not evil, anyway?
Yes, congratulations, Yahoo. Your search revenues — no, your growth rate — no, your severance package outshines Google's. Of course, as my colleague Jordan Golson notes, "I bet if Google could give severance packages with Microsoft's money they'd be a lot more generous too." For inadvertent hilarity, MarktheMarketWatcher wins commenter of the day.

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Wed, 02 Apr 2008 16:20:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=375319&view=rss&microfeed=true
<![CDATA[ DoubleClick layoffs were pushed back to avoid spoiling yesterday's fun ]]> We reported Google layoffs at DoubleClick would start yesterday, but they only began today. Why? A DoubleClick employee said that Google pushed the cuts back "because yesterday was April Fools' Day." Ah, make the peons wait a day while Larry and Sergey have their fun. A quaintly botched approximation of mercy, no doubt. Today, our source tells us: "People are getting calls and start crying when they are told that are being let go." Would they have laughed if they'd been told yesterday?

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Wed, 02 Apr 2008 13:00:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=375303&view=rss&microfeed=true
<![CDATA[ DoubleClick severance: up to four months' pay, if you don't go work for Google's enemies ]]> DoubleClickAdapt.jpgGoogle layoffs at DoubleClick, the online-advertising tech company based in New York that it just acquired, began a day later than expected. Today, among others, the entire finance team was shown the door. It's a bright, sunny day in New York; a good start for ex-DoubleClickers' four-month vacation. Google's severance package: two months' pay plus another two if they sign a noncompete agreement, a Google source told Vanity Fair. No wonder Google wants them off the market: Yahoo and other online-advertising rivals are actively recruiting DoubleClick veterans. (Photo by stobor)

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Wed, 02 Apr 2008 11:20:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=375205&view=rss&microfeed=true
<![CDATA[ Dell lays off 900 as it closes once-groundbreaking PC factory ]]> Dell factoryDell is closing its Austin, Texas manufacturing plant, once hailed as a miracle of modern manufacturing, and will fire up to 900 employees. The computer maker is looking to save $3 billion over the next three years and views the firings as a "opportunity to drive both productivity and efficiency." Dell announced last year that it wanted to cut 8,800 jobs or 10 percent of its workforce. So far, the company has laid off more than 3,000 workers. Which serves as a reminder: For the 250, April 1 is a big joke; for working stiffs who actually make technology and have to hit their numbers, it's the deadly serious start of the second quarter. (Photo by Michael Kanellos/News.com)

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Tue, 01 Apr 2008 14:00:00 PDT Jordan Golson http://valleywag.com/index.php?op=postcommentfeed&postId=374797&view=rss&microfeed=true
<![CDATA[ Google to lay off 15 percent at DoubleClick ]]> DoubleClick.jpgA tipster with two friends at DoubleClick tells us Google will cut DoubleClick's staff by 15 percent, trimming the sales teams that push Dart for Advertisers and Dart for Publishers by 20 percent. Google plans to give those ad-targeting services to its advertisers for free, making money on brokering ads. Most of the rest headed for the door are general staff whose functions overlap with Google's administrative workers.

The DoubleClick employees told our source that Google leadership did a "totem pole" ranking of all DoubleClick employees to determine whom to cut; in this variation of forced ranking, every employee gets assigned a number representing his value to the organization, and the lowest get the axe. The office is "very tense," our source tells us, "very tense and anxious." If the results from our latest poll are to be believed, that's because over 68 percent of them are worried they're going to have to work at Google.

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Tue, 01 Apr 2008 13:40:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=374777&view=rss&microfeed=true
<![CDATA[ DoubleClickers let us know if they welcome their new Google overlords ]]> DoubleClickPiggies.jpgWe've laid out the reasons why DoubleClick employees should ditch Google — Google's Ivy League 'tude, its disdain for DoubleClick's accomplishments, its intentionally disorganized management, and its mediocre compensation. Now we want to know: With layoffs looming as a result of the Google-DoubleClick merger, do DoubleClick employees even want to work for Google? Let us know in our latest Valleywag poll.

Gawker Media polls require Javascript; if you're viewing this in an RSS reader, click through to view in your Javascript-enabled web browser.

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Mon, 31 Mar 2008 10:40:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=374113&view=rss&microfeed=true
<![CDATA[ 4 reasons why DoubleClickers should ditch Google ]]> We've been hearing that impending layoffs have DoubleClick employees fearing for their jobs after Google finishes its takeover. Why? Working there sucks. Ask any Googler. Below, four reasons why DoubleClickers should welcome their liberation from the Googleplex:

DoubleClickMessage.jpg

  • The piggy post: Pranksters — either Googlers or mischief-makers posing as them — bought a Facebook ad targeted at DoubleClick employees with the copy "Please stop gorging on all our food. Maybe we won't fire you. Thanks!" DoubleClickers reportedly clicked through at astounding rates. Why? Because they felt insecure about how Googlers view them. Don't ignore your intuition, DoubleClickers. Your insecurities are real. Google employees — the armies of Harvard and Stanford grads who believe they are as smart Larry Page and Sergey Brin — will never cease to remind you that you went to Rutgers. How can we be sure of this? See our next reason.
  • They made you reapply for your jobs: After Google CEO Eric Schmidt warned DoubleClickers that their jobs were not safe postmerger, Google managers echoed the threat by requiring DoubleClickers to submit their resumes for approval by committee. Then HR held job interviews. We can imagine how that went: "How do we know you aren't just some Rutgers graduate with a 2.75 GPA who will ruin our really useful company with your utter banality?"
  • Underlings at Google aren't happy at Google, and they went to Yale: Even customer-service rep Googlers will look down on DoubleClickers. Why? To make their miserable lives seem fuller. As one tipster recently told us:
    The management within Google, especially AdWords and AdSense (the money making machines of the entire company ... engineering gets the glory but advertising brings in the big bucks) are completely disorganized and chaotic.
    Guess who's going to run DoubleClick.
  • Not an advertising underling? There's equity to be had elsewhere: We just heard that ex-Yahoos are asking for $200,000 to $250,000 to join ad-supported startups in New York and the Valley. And if the startups are too cash-poor for that, they're getting big chunks of equity. At Google, you'll get, well, Google stock.


(Photo of DoubleClick employees at Ad:Tech by b_d_solis)
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Mon, 31 Mar 2008 06:00:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=373636&view=rss&microfeed=true
<![CDATA[ Maybe a CNET pink slip will raise that infant ]]> CNETlogo.jpg"That's life," commenter danmiller3 wrote after we told you about how CNET laid off an employee recovering from cancer. Turns out he was more right than he knew. A new CNET tipster tells that one of his laid-off colleagues lost his job just two months after his wife gave birth. "Fuck Neil Ashe," our source says. He says CNET employees are "all half hoping" private equity firm Jana Partners — which already has a 14.9 percent stake in the company — "takes over and fixes the platform and other underlying legacy issues from when CNET was a cable syndicator instead of trying to create tons of new fledgling brands."

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Fri, 28 Mar 2008 15:20:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=373662&view=rss&microfeed=true
<![CDATA[ If I worked at CNET, this layoff memo would make me want to quit ]]> cnetmemo.pngCNET CEO Neil Ashe sent this all-hands memo to explain to his charges the changes that CNET is making to be successful. The memo looks like it came straight out of a Dilbert strip. Ashe says CNET must "embrace change" and "drive greater efficiencies in the business." In addition, a management task force has evaluated CNET's "organization and resource alignment." How about writing a memo in actual English? That seems easier — and a better way to spend everyone's time. At least Jerry Yang's memos had that funny e.e. cummings-esque no-capital-letters charm going for them. Ashe's anodyne euphemisms? They make me glad I don't work at CNET — or any other huge conglomerate for that matter.

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Thu, 27 Mar 2008 15:40:00 PDT Jordan Golson http://valleywag.com/index.php?op=postcommentfeed&postId=373153&view=rss&microfeed=true
<![CDATA[ Google to announce DoubleClick layoffs on April 1 -- no fooling ]]> DoubleClickPiggies.jpg Ever since Google CEO Eric Schmidt promised "reductions in headcount" as part of the Google-DoubleClick merger, there's been much tension at the New York-based online ad network. Who gets to stay and pig out on all the new Googley perks? Who will have to hit the streets to face a slowing job market? The answers arrive April 1. It's not an April Fools' joke.

It is a possible sign of a bad first quarter for Google. April 1, as opposed to March 31, allows Google accountants to push expenses from the bloodletting into the second quarter. Too bad it's for real: DoubleClickers could use the laugh. One tipster tells us the suspense is killing morale at DoubleClick: "People are all halfway out the door."

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Thu, 27 Mar 2008 14:20:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=373011&view=rss&microfeed=true
<![CDATA[ Maybe a CNET pink slip will cure that cancer ]]> CNETlogo.jpgA freshly laid-off CNETter tells us that management's extension of benefits to May 31 hasn't allayed the employee's health concerns. Why? Oh, just cancer.

I was one of the CNET layoffs today. I was shocked to have my position eliminated after I worked full-time while undergoing cancer treatment. Holy God, how much more committed could I be? Our benefits were extended through May 31. I hope I have a job by then, otherwise I am SCREWED.
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Thu, 27 Mar 2008 09:20:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=372892&view=rss&microfeed=true
<![CDATA[ CNET lays off 120, 10 percent of U.S. workforce ]]> CNET HQNewly former CNET employee Robert Balousek reports that he was one of 120 U.S. employees laid off by CNET, the online tech publisher. On Wall Street, the company is trying to fend off a takeover attempt by hedge fund Jana Partners. On the Web, the company is trying to stay vaguely relevant as a swarm of tech blogs silence whatever buzz it once had. The good news: CNET TV personality Natali Del Conte is still employed, which means there's some modicum of sense left at headquarters. Witnesses to the carnage, drop us a line. (Photo by Terry Chay)

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Wed, 26 Mar 2008 14:20:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=372625&view=rss&microfeed=true
<![CDATA[ eBay, PayPal layoffs confirmed by CNN ]]> Oh, look, Valleywag's tipsters came through — 125 laid off at eBay worldwide. [CNNMoney]

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Thu, 20 Mar 2008 20:30:06 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=370501&view=rss&microfeed=true
<![CDATA[ AMD cuts 800 jobs ]]> Pink_Slips.jpgChipmaker AMD has laid off 5 percent of its workforce, reports the Inquirer. The cuts came across all divisions as AMD prepares to report due to lower-than-expected numbers for the quarter. What? Free booze for trade journos didn't do the trick? (Photo by My Hobo Soul)

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Thu, 20 Mar 2008 09:40:34 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=370189&view=rss&microfeed=true
<![CDATA[ Layoffs at eBay and PayPal? ]]> In the last 24 hours, we've heard that eBay has laid off 40 members from its bloated middle-management ranks and that its PayPal subsidiary has let its entire branding department go. Has Wall Street already gotten word of these cutbacks? We all know how much the market loves "fat trimming," and EBAY is up nearly two points so far today. (Photo by AP/Tony Avelar)

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Tue, 18 Mar 2008 13:20:54 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=369380&view=rss&microfeed=true
<![CDATA[ Yahoo's London managers have 30 days to report to Switzerland, or else ]]> Yahoo will move its European headquarters from London to Rolle, Switzerland. HR emailed 70 top managers, many of them pictured here, to tell them they have 30 days to relocate or lose their job, according to the Financial Times. The move is supposed to ease Yahoo's tax bill. PaidContent's Rafat Ali thinks the hassle of the move is meant to drive Yahoo European head Toby Coppel out of the company. (Photo by sh1mmer)

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Fri, 14 Mar 2008 12:20:23 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=367846&view=rss&microfeed=true
<![CDATA[ PodShow said to lay off 20 out of 60-plus employees ]]> PodShow, the San Francisco-based online-video network best known for launching the career of CNET's Natali Del Conte, is laying off about 20 employees, or as much as 30 percent of its staff. "There are no secrets, only information you don't yet have," is the slogan for former MTV VJ Adam Curry's podcast. Curry, a PodShow cofounder, didn't show up to deliver information about the firings; we're told he left that to middle managers.

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Fri, 14 Mar 2008 11:20:45 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=368085&view=rss&microfeed=true
<![CDATA[ New ad boss plans to lay off half of AOL's sales force ]]> Lynda_Clarizio.jpgWith Curt Viebranz out, AOL's new advertising boss Lynda Clarizio plans to integrate the Time Warner subsidiary's various ad sales teams — those from acquisitions Tacoda and Quigo, for example — into one. That will create redundancies which Clarizio plans to handle by axing about half of AOL's sales force, Silicon Alley Insider reports. Top executives at Advertising.com will fill new roles running all of advertising for AOL.

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Thu, 13 Mar 2008 09:43:10 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=367384&view=rss&microfeed=true
<![CDATA[ Google layoffs a-comin' ]]> Buried in CEO Eric Schmidt's blog post about the company's greenlighted acquisition of DoubleClick:

As with most mergers, there may be reductions in headcount. We expect these to take place in the U.S. and possibly in other regions as well. We know that DoubleClick is built on the strength of its people. For this reason we'll strive to minimize the impact of this process on all of our clients and employees.

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Tue, 11 Mar 2008 19:12:14 PDT Paul Boutin http://valleywag.com/index.php?op=postcommentfeed&postId=366704&view=rss&microfeed=true
<![CDATA[ You're not the only one confused about Ask; so are employees ]]> Jim_Safka.jpgEarlier this week, the Associated Press reported Ask.com would become a search engine for midwestern women. But now the "Marge Simpson Plan" — as our Ask tipster calls it — is off. Apparently, Ask CEO Jim Safka changed his mind over the weekend and executives spent all day Sunday scrambling to put together a new plan. Our tipster blames the confusion on Safka's secretive nature, telling us that when he comes into work his office door is always closed. The silence has once loyal employee feeling apathetic and looking for jobs elsewhere.

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Thu, 06 Mar 2008 13:40:17 PST Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=364837&view=rss&microfeed=true
<![CDATA[ Ask.com cuts jobs, targets housewife demographic ]]> askcomlogo.pngAs Barry Diller curtails both Ask.com's ambitions and its workforce, his hired hand is turning it into the Home Shopping Network of search engines. CEO Jim Safka says 65 percent of its users are female with a high concentration in their late 30s in the Midwest and Southeast. In an attempt to try to get also-ran search site back on track, Safka is laying off eight percent of Ask's employees and "reevaluating" its strategy. "Everything we do will be put through this strategic filter," he says. At last, a search engine that plays in Peoria. The only problem is that even Midwestern housewives know how to Google.

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Tue, 04 Mar 2008 11:52:20 PST Jordan Golson http://valleywag.com/index.php?op=postcommentfeed&postId=363719&view=rss&microfeed=true
<![CDATA[ Yahoo axes three from Euro PR team ]]> David_Sawday.jpgWord has it Yahoo laid off European communications execs Alex Laity, David Sawday (pictured) and Lola Banos. Just in time for lobbying the EU to block a Microsoft takeover, our tipster notes.

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Mon, 03 Mar 2008 16:20:48 PST Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=363284&view=rss&microfeed=true
<![CDATA[ Ask.com layoff whispers grow yet louder ]]> execution.gifIs the ax falling at Ask.com? "There is indeed a big shakeup coming," a tipster tells Silicon Alley Insider, seeming to corroborate layoff rumors we reported earlier.
Some think a reduction in workforce is likely. There are no sacred cows, [Ask's proprietary search technology] may be sold or simply abandoned which is hundreds of engineers who work on the core search engine, in place of just using Google's search with our special brand of user interface.

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Fri, 29 Feb 2008 13:40:00 PST Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=362486&view=rss&microfeed=true