Yahoo Layoffs Begin

Posted by: Rob Hof on February 12, 2008

It’s pink slip day at Yahoo’s purple-and-yellow digs, I’m told by a Yahoo executive. More coverage of the expected layoffs here, here, and here. But from what some of them, such as Susan Mernit, are blogging and Twittering about their departures, at least some of the people getting canned are pretty surprised. Another, Randy Farmer, blogged this:

It turns out that this force reduction included [me] Randy Farmer and Chip Morningstar - much to our mutual surprise as we each had strong contributor/leadership roles in the company. From here it looks like they might have gone after those with larger salaries given the number of top-quality people we saw get the axe today. Given what we were working on, it was doubly confusing.

This layoff should be a recruiters dream.

No doubt, because all three of these folks are fairly prominent and certainly accomplished figures.

I gather it’s about the 1,000 jobs Yahoo had mentioned last month during the conference call, in a wide range of departments, but the exact number is unclear. What is clear, according to one source: Morale is managing to fall even further as people say their goodbyes to colleagues and wonder what further nastiness lies ahead.

The layoffs come during a relative lull in the battle between Yahoo and Microsoft over the software giant’s unsolicited bid to buy the Internet portal, though it appears shareholders want to see the deal done. After getting accused for moving too slowly for months and even years, though, Yahoo managed to squeeze in even more today—the acquisition of Maven Networks today for $160 million and several mobile initiatives. Guess those things were in process, but they must seem beside the point to a lot of Yahoos today.

Reader Comments

Inspired

September 28, 2008 10:34 AM

So So sorry About your misfortune, may Father God keep and Sustain you..... I am sure that you will find a job and maybe even open your own company!! Good Luck and God Bless

Jeffrey

September 29, 2008 9:41 AM

Sorry to hear about the financial woes at Yahoo. You guys are great and provide great service. Goodluck to all of you in my prayers.

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Bloomberg Businessweek writers Peter Burrows, Cliff Edwards, Olga Kharif, Aaron Ricadela, and Douglas MacMillan, dig behind the headlines to analyze what’s really happening throughout the world of technology. Tech Beat covers everything from tech bellwethers like Apple, Google, and Intel and emerging new leaders such as Facebook to new technologies, trends, and controversies.

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