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Old 10-21-2008, 03:49 PM
JimOlenbush JimOlenbush is offline
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Default Yahoo firing 1,500 workers -3Q profit falls 64%

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

http://www.bloomberg.com/apps/news?p...efer=worldwide
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Old 10-21-2008, 07:27 PM
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Default Re: Yahoo firing 1,500 workers -3Q profit falls 64%

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!
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Old 10-21-2008, 07:30 PM
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Default Re: Yahoo firing 1,500 workers -3Q profit falls 64%

ouch! That sucks
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Old 10-21-2008, 07:35 PM
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Default Re: Yahoo firing 1,500 workers -3Q profit falls 64%

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Originally Posted by webmaster View Post
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....
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Old 10-21-2008, 11:51 PM
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Default Re: Yahoo firing 1,500 workers -3Q profit falls 64%

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?
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Old 10-22-2008, 03:20 AM
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Default Re: Yahoo firing 1,500 workers -3Q profit falls 64%

Wow I just looked up Yahoo. They only had 15,000 employees. A 10% reduction in one day is pretty severe.
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Old 10-22-2008, 05:40 AM
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Default Re: Yahoo firing 1,500 workers -3Q profit falls 64%

and i hear that few months ago have had reduction.so this was the second one in just few months..
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Old 10-22-2008, 09:34 AM
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Default Re: Yahoo firing 1,500 workers -3Q profit falls 64%

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
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Old 10-22-2008, 09:48 AM
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Default Re: Yahoo firing 1,500 workers -3Q profit falls 64%

Why didn't they take the offer from Microsoft? Was it Yahoo's decision not to take it or the shareholders?
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Old 10-22-2008, 09:59 AM
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Default Re: Yahoo firing 1,500 workers -3Q profit falls 64%

who knows...
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