Yahoo pink slips arrive

As CNET News.com reported last week, Yahoo laid off more than 1,000 employees on Tuesday. One source inside the company said the number was 1,100, which is slightly higher than expected. The layoffs bring the headcount down to about 13,200 employees.

Yahoo human resources had booked every conference room at the Sunnyvale, Calif., headquarters to meet with employees being laid off, according to the source.

Yahoo executives warned last month that they would be laying off about 1,000 people in February. That was before Microsoft's offer to acquire the company. Yahoo has rejected the bid, but reportedly has signaled it would consider a higher offer.

"We are aligning resources to support our big bets: starting points, must buy, and open," a Yahoo spokeswoman said. That refers to Yahoo's new mission of being the most popular starting place for people on the Internet and the most popular advertising platform, as well as the company's focus on opening up Yahoo's network to third-party publishers.

Asked to confirm the exact number of employees affected or what departments they were in, the spokeswoman said the company was not providing details.

"We're making these targeted reductions in areas of our business that don't support our critical growth initiatives," she said.

(CNET News.com's Stefanie Olsen contributed to this report.)

[Lolo Gecko]

happy Valentine's day ...

oh, by the way, take a hike :(

[close5828]

Pity

I quit Earthlink a year before their big layoffs here in California. I can only imagine how 13,000+ people out of work is going to saturate the job market.

[thescale]

?

Reading comprehension, anyone?

[paulej]

Only Oracle... and now Yahoo?

Only Oracle would be so cold as to fire that many people...

Still, I do wonder why Yahoo felt it necessary to fire 1,100 people. Sure, stock price is down, but is that the only reason, or is it because this last quarter was far worse than others? Or, do they forcast upcoming quarters to be worse? (Sorry, I've not followed Yahoo's financials, but it always amazes me when a profitable company fires so many people.)

[Stating]

Depart Of Layoffs Has Been Laid Off

Will the last staffer please turn out the lights.

[fred dunn]

Yahoo would rather die than be bought....

That is just executive egos at play and now 1000 employees have to pay for their egos.

[b_baggins]

Sigh.

Our most expensive commodity is ignorance.

In a buyout, the executives generally make out like bandits. It's the rank and file that get screwed.

[TBolt]

You're kidding, right?

If Microsoft had purchased Yahoo, it would've been guaranteed that many people at Yahoo would've lost their jobs -- probably far more than 1,100. No one at Yahoo can feel safe yet, either. If Yahoo decides to abandon its own business goals and lets a pig, like Microsoft, in to run the show, there will be even more layoffs at Yahoo.

[jpolac]

Yafired

Yafired

[CaliforniaLaborAttorney]

California companies in the IT and Computer industries are facing numerous class action overtime lawsuits since they have failed to properly classify employees in the various IT positions. Most companies improperly classify employees as exempt and work them an incredible number of hours. Is this planned? You decide.

To view the law on properly classifying employees you may view the DLSE web site or go to www.california-labor-law-attorney.com (not for advertisement purposes)