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Yahoo lays off 2,000 Employees. Startups Celebrate

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

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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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Source: Anorak

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Update: 9

Notre Dame Suspends Four Starters Pending Academic Fraud Investigation

Source: Big Government

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 ...
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Update: 7

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Source: Big Government

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Update: 5

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Source: Business Insider

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Update: 4

First Community Season 6 Teaser Is Full of Nostalgia—and Snark: Watch Now!

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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 ...
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Update: 3

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Source: comingsoon

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Source: comingsoon   Full article at: comingsoon Aug 14 2014, 4:58pm CDT

Update: 2

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Source: The Business Insider

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Source: The Business Insider   Full article at: The Business Insider Aug 14 2014, 3:28pm 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




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