Yahoo firing 1,500 workers -3Q profit falls 64%

[JimOlenbush]

http://biz.yahoo.com/ap/081021/yahoo_outlook.html?.v=2

http://www.bloomberg.com/apps/news?p...efer=worldwide

[RESteve]

These guys are just bound to get snapped up by someone. Yahoo has been around for such a long time - it's been a good run!

[webmaster]

ouch! That sucks

[OCTeam]

ouch! That sucks

Yeah, particularly for Yang. Wonder how long before Yang gets yanked. Balmer must be like the cat patiently waiting to pounce on the mouse....

[Jaysonnhs]

Balmer is also probably pretty pissed that Yang made him, and other shareholders, lose millions. They had a good deal with MSN and left it on the table. Since, I've heard of two layoffs - just seems like a bad decision - an ego decision - but what do I know?

[escapeso]

Wow I just looked up Yahoo. They only had 15,000 employees. A 10% reduction in one day is pretty severe.

[mike richardson]

and i hear that few months ago have had reduction.so this was the second one in just few months..

[Eric Blackwell]

Mike;

You are correct about that...it did happen a few months ago and I posted about it. Thoughts and prayers for those affected. Yang needs to be yanked. He could have accepted Microsoft's offer...but...

Arrogance can be costly IMO.

Eric

[tsteuwer]

Why didn't they take the offer from Microsoft? Was it Yahoo's decision not to take it or the shareholders?

[Scott.Hack]

The truth is no one has a crystal ball, and hindsight is 20/20 -- at the time the Yahoo! board felt that the offer wasn't good enough for their shareholders. I'm not sure that many of the shareholders agreed. But that is in the past. I do think that some ego played into it as well though.