Yahoo lays off 2,000 Employees. Startups Celebrate
Yahoo! today confirmed that it is undertaking major cuts again. Yahoo! will begin the process of informing employees about these changes. As part of that effort, approximately 2,000 people will be notified of job elimination or phased transition.
"Today's actions are an important next step toward a bold, new Yahoo! — smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require. We are intensifying our efforts on our core businesses and redeploying resources to our most urgent priorities. Our goal is to get back to our core purpose — putting our users and advertisers first — and we are moving aggressively to achieve that goal," said Scott Thompson, CEO of Yahoo!. "Unfortunately, reaching that goal requires the tough decision to eliminate positions. We deeply value our people and all they've contributed to Yahoo!."
Yahoo! expects to realize approximately $375 million of annualized savings upon completion of all employee transitions. The company currently expects to recognize the majority of an estimated $125 to $145 million pretax cash charge relating to employee severance in its second quarter financial results. The company may incur additional charges in connection with this action. More information will be provided about Yahoo!'s future direction in conjunction with the release of its first quarter financial results on April 17, 2012.
The good news here is that startups get new talent in the tight job market.
TRANSFER Balls: The reporting on Real Madrid’s Sami Khedira. Is he heading to Arsenal? Chelsea? Anywhere? All these facts are from today’s media:
The Metro says the German World Cup winner is available for £8m.
The Metro adds that Kehdira could be heading to Chelsea or Arsenal.
The Indy says:
As clouded as the Germany international’s future is, it’s not clear whether the representative will speak with Chelsea or Arse ... Source: Anorak
Full article at: Anorak
4 days ago, 4:40pm CDT
Notre Dame has suspended four starters on its football team pending an investigation into a possible case of academic fraud. Yahoo! News reported on Friday that four members of the football team have been interviewed by school officials over what is being called an "honor code violation." If such a violation occurred it could cause any player involved to be ineligible for the team. Worse, if the allegations are proven it could lead to vacating wins by t ... Source: Big Government
Full article at: Big Government
6 days ago, 11:38pm CDT
What can the New York Jets do to restore the mediocre franchise to past glory? Bring back Joe Namath? Okay. Call the New York Sack Exchange back into session? Sure. Encourage a Curtis Martin comeback? Yeah. But bring back Fireman Ed? The Jets not only lobbied the suddenly reclusive superfan to once again lead chants of "J-E-T-S, Jets, Jets, Jets," they dined him in hopes he would rise again from his seat an ... Source: Big Government
Full article at: Big Government
6 days ago, 11:38pm CDT
A fully-featured application that provides a clean and intuitive environment for helping you manage your email accounts for various platforms (e.g. Gmail, Yahoo! Mail, IMAP/POP, feed subscriptions) (re ... Source: Softpedia
Full article at: Softpedia
6 days ago, 6:16pm CDT
Four member of the Notre Dame football team have reportedly been interviewed by school officials during an academic fraud investigation according to Pat Forde of Yahoo! Sports. According to the report, the investigation also is looking at non-athletes. It is unclear what, if anything, the players have been accused of. The players named in the report are wide receiver DaVaris Daniels, defensive back KeiVarae Russell, defensive lineman Ishaq Williams, and linebacker Kendall ... Source: Business Insider
Full article at: Business Insider
6 days ago, 1:20pm CDT
Everyone was pretty nervous when it was first announced that Yahoo! was going to snatch Community from oblivion. (Okay, by everyone, we totally mean us.)
Community is ... Source: eonline
Full article at: eonline
1 week ago, 7:30pm CDT
Although it's comprised almost entirely of footage from the first five seasons, fans are no doubt going to be pleased with the amount of love that Yahoo! has put into a new trailer for the upcoming sixth season of "Community". As you can see in the player below, a new nearly three-minute video takes a look back at the series so far and heralds the coming of "the world's first bionic s ... Source: comingsoon
Full article at: comingsoon
Aug 14 2014, 4:58pm CDT
We can all agree that this has been a terrible week, right? Between Robin Williams’ death, massive flooding in Detroit and the awful situation in Ferguson, we’ve been reminded just how awful the world can be.
Little moments of joy like Baby Groot dancing in Guardians of the Galaxy can help break up the misery, if only just a bit. So it’s cool that Marvel released the scene for all of us to enjoy.
Before you proceed further, it should be said that you might consider this a spoiler if you haven’t ... Source: Hoops Manifesto
Full article at: Hoops Manifesto
Aug 14 2014, 4:00pm CDT
Warning: Don't go any further if you still haven't seen "Guardians of the Galaxy." Some of our favorite scenes in"Guardians of the Galaxy" are Chris Pratt's awesome entrance to the film along with a surprise cameo from a long-teased villain entering the Marvel universe. However, many people agree the best scene of the film comprises of a dancing baby version of Groot seen at the ... Source: The Business Insider
Full article at: The Business Insider
Aug 14 2014, 3:28pm CDT
Luigi Lugmayr Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at firstname.lastname@example.org.
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
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