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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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Participative The Participative Leadership Style Is Believed To Be One Of The Best Methods Of Providing Motivation To Employees To Work Harder.

Source: Experience Project

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Source: Experience Project   Full article at: Experience Project 4 days ago, 5:25pm CDT
 


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Transfer Balls: Sami Khedira Wants Arsenal Teases Chelsea And Moves To Bayern Munich

Source: Anorak

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
 

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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 ...
Source: Big Government   Full article at: Big Government 6 days ago, 11:38pm CDT
 

Update: 7

Fireman Ed Extinguishes Talk of Comeback

Source: Big Government

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
 

Update: 6

Gmail Notifier Pro 5.2.3 (Demo)

Source: Softpedia

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
 

Update: 5

Report: Several Notre Dame Football Players Interviewed During Academic Fraud Investigation

Source: Business Insider

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
 

Update: 4

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

Source: eonline

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
 

Update: 3

Community Lives with an Epic Season Six Trailer

Source: comingsoon

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
 

Update: 2

Video: Enjoy the Dancing Groot scene from ‘Guardians of the Galaxy’

Source: Hoops Manifesto

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
 

Update: 1

You Can Now Watch The Best Scene From 'Guardians Of The Galaxy' Online

Source: The Business Insider

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
 

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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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