Yahoo Protects Staff With Indemnities For All

Posted: Feb 21 2008, 10:06am CST | by , Updated: Aug 11 2010, 6:22am CDT, in Other Stuff


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Yahoo rejected Microsoft’s $46 billion USD purchase offer not too long ago leading Microsoft to pursue a hostile takeover of Yahoo. Heise-online reports that Yahoo has promised its staff indemnities if anyone should be laid off.

Indemnities aren’t all that uncommon to be given to management, but it is uncommon for them to be offered to all employees. Yahoo says this is an attempt to get employees to stay during the layoffs Yahoo is enacting and the expected takeover pursuit from Microsoft.

Yahoo currently has in the area of 14,300 employees worldwide. Yahoo stock has been suffering as the search firm works to reinvent itself and build its stock prices back up. A takeover by Microsoft is expected to cost in the area of $1 billion USD.

Via Heise-online.

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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
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