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Yahoo, Layoffs
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strategery
layoffs
Steve Ballmer to hold town hall at Microsoft tomorrow
Microsoft 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? More »
lawsuits
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)
commenter of the day
Yahoo finally wins one, beats Google's DoubleClick severance package
Commenter 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.
great moments in hr
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)
Yahoo axes three from Euro PR team
Word 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.
Word 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.
Yahoo looks to undo layoffs
Having unloaded itself of 1,000-some employees, Yahoo is now hiring almost half that number back. Yahoo's careers site has 459 open positions. So much for cost-saving layoffs.
Having unloaded itself of 1,000-some employees, Yahoo is now hiring almost half that number back. Yahoo's careers site has 459 open positions. So much for cost-saving layoffs.
yahoo
Bradley Horowitz thanks the doomed and the departed
I once saw the first twenty of minutes of this horror movie. Can't remember the name. But it starts with a bunch of teenagers heading out on a road trip to the beach. As they merge onto the highway, a horrific pile-up goes down all around them. The camera hops around showing how each person dies. I remember, for example, a truck dropping a log from its flatbed trailer and the thing going through a windshield. Splat. Blood on broken glass. But then the main character snaps out of it and realizes it was all a dream. She and her friends are still waiting at the highway onramp. Scared witless, our protagonist refuses to drive on. And then, the car accident she presaged actually happens. Later, all the people who would have died in the accident gather at the police station. A creepy kid in the corner warns them: On this very day last year, some guy dreamed an airplane would go down and he and his friends refused to board. The airplane went down. He died anyway. So did all his friends. Creepy kid says: Death will get us all. Then for the rest of the movie it does. Anyway, don't know why I brought this up, but here's a list of names Yahoo executive Bradley Horowitz thanked on his way out. More »
The Yahoo layoff list
A list of laid-off Yahoo executives, as well as those who exited around the same time Yahoo made cuts. Any additions? [Silicon Alley Insider]
A list of laid-off Yahoo executives, as well as those who exited around the same time Yahoo made cuts. Any additions? [Silicon Alley Insider]
layoffs
Did Yahoo save $14 million by skipping bonuses?
A tipster corrects our math. Severance pay and "related cash expenditures" will cost Yahoo a surprisingly low $25 million — because the company may not pay annual bonuses on March 14 to its 1,000-plus laid-off employees. The savings may range as high as $14 million, he estimates. Bonuses are always awarded at the discretion of managers — and why would they give a bonus to someone no longer with the company? More »
A tipster writes of the cuts at Yahoo: "Maria Hinge, the VP for emerging European markets, got laid off on Friday. She's credited with rolling out services in Turkey, Russia, Poland and the Czech Republic. However, her reports always thought she was more adept at 'rolling' with the European management team." Come on, people. "Rolling?" Does anyone actually say that? Next we're going to hear that Toby Coppel was swinging with the flippity-flop.
journalist math
Average laid-off Yahoo made $90,000 a year
Severance pay and "related cash expenditures" will cost Yahoo between $20 million to $25 million, the company said in an SEC filing. Given that Yahoo laid off around 1,000 employees, crude math with these figures suggests laid-off Yahoos walked off with an average severance package of $20,000 to $25,000. Call it $7,500 a month for three months of severance pay. Annualized, that makes being a laid-off Yahoo a $90,000-a-year job. More »
hires
Jeff Bonforte's startup subsidy
Yahoo laid off more than a thousand people last week, including Jeff Bonforte, a vice president whose job was rendered superfluous long before he was made redundant. Now we learn that he's taken the job of CEO at Xobni, a promising email startup. Curious: Did Xobni make a snap decision to hire Bonforte? Unlikely. Instead of quitting to take the job at Xobni, he waited to extract a package from Yahoo. Yahoo's shareholders and his ex-colleagues might not share our view, but we applaud Bonforte's cynical opportunism.
layoffs
Yahoo Europe layoffs start today
U.S. and India, Yahoo HR is now working its way to Europe. A tipster writes in:I have heard that the entire Dublin Finance team was laid off, to be outsourced by some place in Romania. Europe learns who gets axed tomorrow (Friday, Feb. 15) — let's hope Rich Riley is among them, but unlikely as he is another Jeff Weiner - completely golden.Riley, the founder of Log-Me-On.com, a startup Yahoo acquired in 1999, started running Yahoo's relationships with advertisers and publishers in Europe in October. Sounds like there are stories waiting to be told about him.
yahoo
More »
"That's Mr. Suck Up to you"
Reggie Davis, the attorney booted from Yahoo's legal team and granted a face-saving job monitoring fraudulent clicks on Yahoo's ad network, was not laid off, as a tipster told us. Here's how he told his staff he's still on the job:More »
layoffs
Yahoo keeps ineffective "click fraud czar" in place, showing how little it cares
In March 2007, Yahoo named Reggie Davis its vice president of marketplace quality. The headlines hailed him as Yahoo's new "click fraud czar." Tom Cuthbert, president of Click Forensics, a search-marketing researcher, told CNET the move signaled "Yahoo is taking a more honest approach" to fighting click fraud." So what does it say about Yahoo's "honest approach" now that a tipster tells us Davis got the pink slip? More »
india
Yahoo layoffs reach around the globe
It didn't go well when Yahoo India sacked 40 in Bangalore this week. Employees were given just 30 minutes to clean up and go. The Economic Times reports that "emotionally distraught employees broke down on receiving the news." Then, Yahoo India CEO Sharad Sharma forbade top management from "interfacing" with laid-off employees. Too bad there isn't a Chevy's in Bangalore, eh, Ryan? (Photo by Premshree Pillai)
joy mountford
