At Yahoo, job cuts are the good news

I really wish the vast majority of you so called “educated” people would 1: learn to spell properly, and 2: learn punctuation. Supposedly the richest country in the world, with the most illiterate people.

Problem at Yahoo is not just Jerry and Sue, it’s the rest of the senior management team going down at least to EVPs AND SVP’s as well as some VPs too. Also still way too many fat cows that really have no business clue or saviness. UNtil you clean house completely at the top not much will really change no matter who comes in.

Just another bubble popping folks. Move along, move along…

To the unfortunate people who lost their jobs: It sucks; but we’re talking the IT industry here. Longevity is never assured in employment, especially in IT. You just have to pick up the pieces and move on. Recognize your talents for what they’re worth and market them.

I work for Yahoo! and it’s been apparent for months there would most likely be more layoffs.

This is why we need to get away from instant gratification consumerism to learning how to “save” again, stashing away 6-12 months of expenses in case… wow.. WE_LOSE_OUR_JOBS.

No person with kids should be risking not being able to pay the bills if they lose their job (Yahoo! isn’t paying minimum wage here!).

This is Corporate America, we need to be defensively saving and participating in ESPP/401k/other benefits, they owe us nothing, maximize it while it’s still there!

We get our own back by jumping jobs and getting higher salaries. And of course there are always consulting gigs on the side.

R Plantation…..no bonus was given on the Yahoo hire….they were all contractors til last yr….final got bennies…which was only medical insurance nothing else….so all the writers will now we considered one yr employees…equal 2 weeks bye bye money…and I have severely handicapped son to boot….I guess you must be older since you get your news from newspapers not the internet….so you must be sitting pretty at some nice company….anything can happen to anyone these dad buddy….and my comment is nicer than your was to me…

I’m sure you weren’t complaining husband when your husband got a nice payout from a Yahoo “scout” to take the the offer and leave his former employer…

This is the capitalist society where reward also entails a bit of risk.

So suck it up and take the bad, because I’m sure you had no gripes when things were good.

The last thing we need is to socialize friggin internet “news” sites as well lady.

They took my company for granted and as a result of no attention to my platinum account watched our spending go from 3 million a year to under 200K and dropping. I have not received one call in over a year from my platinum account rep. How can they get back to the good old days when they take small million dollar accounts for granted.

In addition, they allow you to block 250 sites from sending traffic but the issue is that every day new domain based sites flood you with irrelevent traffic. They do not allow you to only show your ads on Yahoo like MSN and Google allow. Hard to compete with that.

@somewhere

Your husband is not the only one with a sob story in this economy! He and others made the CHOICE to leave high-paying jobs to go work for Yahoo, so that was his own folly. I for one, think that Yahoo is stale and unimaginative. There is a reason Google blows Yahoo out of the water on any service that both offer. Maybe your husband should look for work with Google.

yahoo need the money and microsoft has the cash to run yahoo.
It’s not like cutting 1500 job will make yahoo’s employee smarter or gain advantage in the market. it will just scare off employee and the best one will be gone to look for new job.(the best one always can find jobs first because they are good….)
So end up yahoo is even weaker.
If Jerry can’t run the company, let someone else run it…
since he has it, the companies goes down the drain quarter after quarter.
After this quarter, someone need to fire his behind.

Right now it seems more likely that Yahoo will die. The only way they make money is by selling ads, and google appears to be much better at that… I am not sure how becoming “nimble” is going to help them. And saying things like “unlock the shareholder value” is just pathetic…

Here’s THE PLAN:

Jerry Yang picks up phone, then dials. Steve Ballmer hears phone ring, then picks up phone and says “Hello”. Next Yang apologizes profusely and grovels at the feet of Ballmer. Ballmer offers an all cash deal of $15 per share with most people at Yahoo getting laid-off but Jerry Yang gets to retire very prosperously….Carl Icahn also makes a nce profit…The Yahoo Board and C-Level Execs get to retire prosperously or take their gains and begin their own startups….

Yahoo is a mismanaged mess. They had the chance to take the Golden Goose with Microsoft.

But Yang was not going to play second fiddle to some white dude.

We get to pay the price for that attitude now. They really need 100% job cuts and start over.

Greed of the executives is killing not only employees but is hurting everyone. Microsoft was paying a huge premium but it was not enough for Mr. Yang. Where does Yahoo stands now? Where will stand one year from now?

For all the brilliant people Yahoo hass supposedly hired I find it tragic that even they are unable to learn the lessons of history.

Playing the game for profitable quarters to make the street happy is a losing strategy. Yahoo became great over time, and now by having to chase tail to make quarterly numbers to boost the stock price they have consigned themselves from innovators and leaders to mediocrity at best.

Show me any tech company that chases a quartly goal every quarter and remains a leader let alone an innovator.

Thanks Yahoo for proving you could survive the bubble and then turning into everyone else. Goodbye.

We tried to approach Yahoo biz dev. witha proposition about a year ago… never got an email back, no word, nada. Msft on the other hand returned an email the very same day. The incompetence is system wide. Eliminate ALL the upper and mid level executives and replace them with newbies who don’t know a software from a caswhmere sweater. Then watch as things pickup. Sorry guys, this is no surprise.

Downsizing and the associated layoffs can be and usually is very painful for families. We all know the reasons why. For some it will represent the best thing that could have happened for them. Losing a job forces people to review their careers and consider alternatives. Self employment, for one, removes YOUR future and security from OTHER’S hands. Think about possibilities. http://www.LikeSoup.com

I find the title of this story offensive…my husband is a Yahoo employee from a division that is one of its biggest money makers Sports…they kick ESPN.com’s numbers monthly….today the news came he heard nothing from the company….Yahoo employs sportwriters all over the country….scouted them to leave very well paying jobs….I guess they have to play the wait and see game…they were told nothing today the band of sportwriters…who have kids in school, college, house payments like everyone else….so what they wait two months to wait it out just in time for “Happy Holidays” and this band of men where will they go when they trusted Yahoo to leave what they had….they are expecting a major hit even though they make millions in profit for their co….and are gone months of days covering their beats….Merry Christmas and an Unhappy New Year……cheers…sic

Yahoo is a great brand but they need to get their house in order. Microsoft got out of a bad deal. Yahoo should remain independent but it needs a good dose of innovation to set itself apart the way that it once did. Geeks are not the most creative people, except for Steve Jobs, but there is only one of him.