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Yahoo lays off 2,000 Employees. Startups Celebrate

Yahoo! announces plans to lay off 2,000 employees.

Apr 4 2012, 8:47am CDT | by

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Yahoo lays off 2,000 Employees. Startups Celebrate
 
 

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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. 

 

 

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Update: 11

LeBron James Strips Down, Throws His Clothes in the Crowd in Taiwan

Source: Bleacher Report

LeBron James gave everything he had to fans in Taiwan, even the clothes off his back.  James  was in an extra-giving mood when he was on stage in front of a huge crowd of fans, taking off his shorts and shoes and signing them before throwing them out to ...
Source: Bleacher Report  Full article at: Bleacher Report 10 hours ago, 3:56pm CDT
 


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Update: 10

Is Jennifer Garner The Reason Why Ben Affleck And Kevin Smith Aren't Besties Anymore? He Seems To Think So!

Source: PerezHilton

Well, this is sad to hear! Kevin Smith and Ben Affleck used to be best buddies and now they're not -- Jennifer Garner could probably tell you why! Actually, the director himself can explain it. In an interview with Yahoo! Movies, Kevin was asked about Comic-Con and if the new Batman actor was in attendance for any surprises. He responded with a big fat IDK! Kevin said: "Great question. I don’t know, because we're not f---ing ...
Source: PerezHilton   Full article at: PerezHilton 11 hours ago, 2:20pm CDT
 

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Update: 9

New Trailer Hits for 'The Maze Runner'

Source: Latino Review

Yahoo just dropped a crazy trailer for The Maze Runner, based on the first in a series of three young adult novels by James Dashner.The movie follows a boy named Thomas (played by Teen Wolf’s Dylan O’Brien), who wakes up with no memory, trapped near a gigantic stone-walled maze called The Glade with a group of other young men. Every night, “runners” go into the maze and try to find a way out. No one has ever made it back alive.We get a s ...
Source: Latino Review  Full article at: Latino Review 13 hours ago, 12:25pm CDT
 

Update: 7

New MAZE RUNNER Trailer: Dylan O’Brien Seeks Answers as the Threat of Danger Grows

Source: Latino Review

20th Century Fox has released a new The Maze Runner trailer for director Wes Ball’s adaptation of the James Dashner novel.  The story revolves around a teenager who wakes up in the middle of a maze with no memory of who he is, surrounded by other teenage boys who also don’t know who they are, where they are, or what the maze is either.  As stakes continue to mount, though, they realize they must find a way out before it’s too late.  I'll admit this film wasn't really high on my r ...
Source: Latino Review  Full article at: Latino Review 14 hours ago, 11:25am CDT
 

Update: 6

Buffalo backlash building against Bon Jovi

Source: NBC Sports

As the deadline arrives on Tuesday for potential buyers of the Bills to formally express interest in acquiring the franchise, one of the biggest names of the bunch faces a building backlash in Buffalo. As explained by Eric Adelson of Yahoo! Sports, Jon Bon Jovi currently doe ...
Source: NBC Sports   Full article at: NBC Sports 17 hours ago, 9:06am CDT
 

Update: 5

Kendall Jenner Says Her Name Has Hurt Her Career, Lea Michele Joins Sons Of Anarchy + More in Today’s Last Lap

Source: Scandalist

Kendall Jenner makes a shocking statement, Lea Michele surprises us with her new role, and more entertainment news to take home with you. Kendall Jenner says her famous name has “worked against” her in her modeling career. [People] Cara Delevingne is officially the new face of Topshop’s autumn and winter collections. [Daily Mail] Glee star Lea Michele is going from a Broadway baby to single mom in Sons of Anarchy. Yes, really. [TV Line] [Photo Credit: @msleamichele] It l ...
Source: Scandalist   Full article at: Scandalist 1 day ago, 5:00pm CDT
 

Update: 4

Mo Williams signs with Minnesota Timberwolves, according to report

Source: SBNation

Minnesota gains another veteran guard, though it's unclear whether he'll play with Kevin Love. The Minnesota Timberwolves continue to rack up veterans on their bench, signing 31-year-old guard Mo Williams to a one-year, $3.75 million contract, according to Yahoo! Sports' Adrian Wojnarowski. Mo Williams has agreed to a one year, $3.75M deal with the Timberwolves, league source tells Yahoo. — Adrian Wojnarowski (@WojYahooNBA) July 28, 2014 Williams wil ...
Source: SBNation   Full article at: SBNation 1 day ago, 4:10pm CDT
 

Update: 3

Maple Leafs Fan Has Pallbearers Wear Toronto Jerseys at His Funeral

Source: Bleacher Report

Sports fans will do all kinds of crazy things to show their loyalty to their respective teams, even at the end of their lives. Before lifelong fan Terry Siebert passed away, his last wish was for the Toronto Maple Leafs to be the pallbearers at his funeral "so that they could let him down one last time." While the NHL team couldn't make it, his pallbearers still wore Toronto jerseys to help fulfill ...
Source: Bleacher Report  Full article at: Bleacher Report 3 days ago, 1:56pm CDT
 

Update: 2

Buzzfeed Writer Charged with Plagiarism, Defended as "One of the Web's Deeply Original Writers"

Source: The Stranger

The blog Our Bad Media yesterday charged Buzzfeed political writer Benny Johnson with three counts of plagiarism, alleging that Johnson lifted information for three articles from sources like Wikipedia, U.S. News & World Report, and Yahoo! Answers and republished the passages as his own. Gawker's J.K. Trotter coaxed a (highly snarky) statement from Buzzfeed editor-in-chief Ben Smith on the ...
Source: The Stranger   Full article at: The Stranger 4 days ago, 4:09pm CDT
 

Update: 1

SDCC 2014: The Maze Runner Drops Another Dizzying Poster

Source: movie pilot

Yahoo! Movies has gotten their hands on a brand new The Maze Runner poster and it is an all-out fight for survival.20th Century Fox debuted the new eye-candy this morning at SDCC hoping to sail on all the hype this weekend, and boy, does it look like it's working.The poster gives us an almost aerial view of the formidable labyrinth, ancient-looking with its moss-covered walls. The truly terrifying question is what is in be ...
Source: movie pilot   Full article at: movie pilot 4 days ago, 2:24pm CDT
 

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
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 ml@i4u.com.

 

 

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