Yahoo looks at cutting hundreds of jobs
David Johnson January 22nd, 2008
Silicone Alley Insider has been blogging about hundreds of potential layoffs at Yahoo, but so far, Yahoo isn’t commenting. The NYT predicts that the cuts will be announced later this month during the earnings call, but isn’t speculating on which of the current 14,000 Yahooers are facing the axe as Jerry Yang seeks to refocus and streamline the strategy to get the stock moving again. Is it ironic that Yahoo positioned itself as the ultimate content aggregator online, co-opting newspaper publishing strategies and partnering with the newspaper industry, and now is laying off staff like newspapers are doing nationwide?
Related: Does Yahoo’s success with sports point the way to its future?
3 Comments Add your own
1. Tim | January 22nd, 2008 at 9:29 am
“to get the stock moving again” is a very telling phrase.
When a company is more concerned about its stock price and pleasing investors than it is about pleasing customers, that’s when it starts a downhill slide. Advertising-funded companies like Yahoo need to please customers to increase or at least maintain the number of eyeballs viewing those ads. Reducing employee count is only going to make content and service less pleasing, driving customers away and therefore beginning the downward spiral.
2. Jay Small | January 22nd, 2008 at 9:46 am
Yeah, ironic, if it comes down that way. There’s also a lot of blog buzz about most of the cuts, if any, happening in divisions outside the U.S. — where the newspaper consortium deal lives. All guesswork until it happens, I suppose.
3. yahooemailguy | January 22nd, 2008 at 7:03 pm
as long as i still get my free, ad supported email, which has been useful for years now.
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