• meltdowns

    Cisco kills Christmas

    "There should be no Business Group, Technology Group or Business Unit-funded holiday parties." That's the extra bullet through the heart in an email being sent around Cisco. I've screencapped only part of it, because I promised not to provide any pointers to my leaker. Here's the ASCII text version: More »
  • death of print

    Forbes memo confirms print, Web staff merging

    Ending a longstanding internal split that dates back to the days of the first dotcom boom, Forbes Media is merging the staff which puts out the conservative-leaning business magazine and its online component, which run separately and with a ludicrous amount of mutual suspicion and jealousy. (Valleywag had gotten wind of these plans last month.) An internal memo sent by CEO Steve Forbes to staff says that print and online sales and marketing will be immediately integrated, reporting up to an "office of the chairman" which includes Forbes.com publisher Jim Spanfeller, whom rumors had previously pegged as the head of the combined operation. Integration of the Web and print editorial staff won't happen until early 2009. Translation: No one in the newsroom will know what's happening to their job until next year. Here's the memo: More »
  • Peng Zhou

    The martyr of Tesla Motors

    Having laid off 75-some employees and run his electric carmaker's cash balance down to $9 million, what is Tesla Motors CEO Elon Musk busying himself with? Conducting a witch hunt to find who leaked Tesla's financials to Valleywag. The Truth About Cars has published an email it claims is from Musk, which includes a letter apology from R&D director Peng Zhou. The only thing that's curious: Our tipster said he'd been at Tesla for four years. Zhou has only been there for two years. In Musk's haste to find someone to blame, did he extract a forced confession from the wrong man? More »
  • perks

    In-house gym Cisco's new profit center

    Cisco, the San Jose-based networking-equipment giant, is closing its free campus gyms — and replacing them with a new, larger one for which employees will have to pay $20 a month. In explaining the change, Cisco's HR team has claimed it's subsidizing the price of the gym, as well as other health facilities at the same site by 90 percent. So, what, the gym would actually cost $200/mo. at market rates? Must be some gym. Check it out in this video a Cisco source smuggled off-campus, and read Cisco's memo, which touts the loss of free gyms as bringing a "positive return on investment for Cisco." If you're feeling brave, crash the gym's grand opening on Monday. More »
  • layoffs

    Will Yahoo please just fire everyone at once

    One sure thing worse for morale than a layoff is a multiple-stage layoff. Jason Calacanis told you not to do that. Valleywag's publisher sacked everyone early, and at the same time in multiple timezones. So the old saying was true: "If you don't know what's going on by now, it means you still work here." I get to sweat it out for Owen for another quarter. A Yahoo employee — for now — tells us it's the other way around there. The scariest part of the job, says our tipster, is not knowing whether to work or go jobhunting. More »
  • politics

    Apple, Google oppose gay marriage ban, while Yahoo stays silent

    Google crossdresser-in-chief Sergey Brin got his company, after contentious internal debate, to express opposition to Proposition 8, a California ballot initiative which would ban the same-sex marriages rendered legal earlier this year by the state's Supreme Court. Now Apple, too, has expressed its corporate views, donating $100,000 to the No on Prop 8 campaign. Who hasn't weighed in? Yahoo. More »
  • leaks

    Two promoted at Forbes

    Something is stirring at Forbes Media, the publisher of Forbes magazine and Forbes.com, two similarly named but otherwise uncooperative publications. Bill Baldwin, the paper tiger who runs print editorial, has issued a memo to his staff announcing two promotions. The Dickensianly named Stewart Pinkerton "will continue to spend a lot of his time overseeing the contributions of print writers to Forbes.com and vice versa." The other guy, Tom Post, will remain another faceless middle-management drone, but we're inclined to like the guy, since he went to the University of Chicago. More »
  • jason calacanis

    America's fun new way to lay off everybody

    Jason Calacanis is a master storyteller. Like most writers, he needs an editor. Here's a summary remix of Calacanis's secret insider mail, sent a few hours after Mahalo's layoffs were expertly leaked to everyone but me, thanks pal. More »
  • we read twitter so you don't have to

    Valleywag on the airwaves at Yahoo all-hands

    Why did Yahoo's Gary Gale Twitter about a Wi-Fi network labeled "Valleywag" at Yahoo's quarterly all-hands meeting? If I worked for the New York Times, I'd give you all some blah-blah-blah about how we don't discuss our reporting methods. But I run a gossip rag, so I'll just play coy. We did gather that Yahoo CFO Blake Jorgensen was asked about the company's pending layoffs of 10 percent of the workforce. More »