Comments on: Yahoo pink slips arrive
As expected, Yahoo lays off more than 1,000, but details are not disclosed.
As expected, Yahoo lays off more than 1,000, but details are not disclosed.
Web sites launch all the time, but they also shut their doors. We highlight 15 that bit the dust this year.
Let the debate begin: Was the iPhone more important than iTunes? Was anything bigger than Google finding a great business model? CNET offers its list of the 10 most important stories of the '00s.
Recent posts on technology, trends, and more.
Add this feed to your online news reader
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.)
In a buyout, the executives generally make out like bandits. It's the rank and file that get screwed.
- by CaliforniaLaborAttorney September 8, 2008 7:16 PM PDT
- 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.
- Like this Reply to this comment
-
(11 Comments)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)