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Tons Of Layoffs At Yahoo

By: Andy Beal
2008-12-11

Yahoo has followed through with the previously expected layoffs. If Twitter conversations werent enough, Jerry Yang has blogged about the layoffs.

Notice how the shift key is broken on Yangs computer:

yahoos,

today, most of our layoffs in the US are happening, and theyve been underway in other regions around the world.

this is a tough time for all of us and i wanted to take a moment to reach out to you.

saying goodbye to colleagues and friends is never easy. they all are dedicated members of our yahoo! family, who worked beside us and shared our passion.

but as you all know, we must take actions to better perform in todays turbulent global economy. while weve found efficiencies in many parts of our business, laying off employees is unfortunately unavoidable. our difficult decision to let colleagues go reflects the changes were having to make to better align costs with revenues " something businesses in virtually every sector are also having to do.

for those who are affected by these layoffs, i am extremely grateful for your contributions to yahoo!. we realize the impact this will have on you. thats why, consistent with our past practices, were making every effort to support you with severance packages and other services.

the reductions were making are very hard, but they are also very necessary " as we focus on the long-term health of our business. to those who are leaving us, i extend my heartfelt thanks on behalf of yahoos everywhere " you will be missed.

thanks,
jerry

TechCrunch is also reporting that Yahoo is expected to close down Brickhouse, its new product incubator.

My thoughts and prayers are with those receiving this unwelcomed Christmas present.

Included links: Twitter, Yodel Anecdotal

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About the Author:
Andy Beal is an internet marketing consultant and considered one of the world's most respected and interactive search engine marketing experts. Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian.

You can read his internet marketing blog at Marketing Pilgrim and reach him at andy.beal@gmail.com.


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