More Yahoo Layoffs Coming Soon
There are many rumors that Yahoo is going to be doing a mass layoff soon. TechCrunch believes there will be a 20% layoff across the board, although Yahoo denied it. Kara Swisher said it is more like 10% and only impacting the product group at Yahoo. The product group has about 6,500 people, so a […]
Barry Schwartz on November 12, 2010 at 9:14 am | Reading time: 1 minute
There are many rumors that Yahoo is going to be doing a mass layoff soon.
TechCrunch believes there will be a 20% layoff across the board, although Yahoo denied it. Kara Swisher said it is more like 10% and only impacting the product group at Yahoo.
The product group has about 6,500 people, so a 10% layoff would mean about 650 people out of a job. This is as opposed to laying off 20% of 14,000 people, or 2,800 people.
Yahoo told TechCrunch:
Yahoo! is always evaluating expenses to align with the company’s financial goals. However, a 20% reduction in Yahoo’s workforce across the board is misleading and inaccurate.
So there is no doubt layoffs are coming and they will be big, but how big?
Related stories
About the author
Staff
Barry Schwartz is a technologist and a Contributing Editor to Search Engine Land and a member of the programming team for SMX events. He owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics.
In 2019, Barry was awarded the Outstanding Community Services Award from Search Engine Land, in 2018 he was awarded the US Search Awards the "US Search Personality Of The Year," you can learn more over here and in 2023 he was listed as a top 50 most influential PPCer by Marketing O'Clock.
Barry can be followed on X here and you can learn more about Barry Schwartz over here or on his personal site.
In 2019, Barry was awarded the Outstanding Community Services Award from Search Engine Land, in 2018 he was awarded the US Search Awards the "US Search Personality Of The Year," you can learn more over here and in 2023 he was listed as a top 50 most influential PPCer by Marketing O'Clock.
Barry can be followed on X here and you can learn more about Barry Schwartz over here or on his personal site.