There are reports that Microsoft is getting ready to lay off 17% of their workforce on this new year. The layoffs are expected to happen on or around January 15th. So it looks like the rumors are right and this recession is going to hit one of the most successful technology companies of all time. […]
There are several gloom-and-doom reports in circulation today about Google, Microsoft, Web 2.0, and the entire Internet sector, for that matter — not exactly how you’d like to start out a holiday week, but so be it. Let’s get started, shall we? First up, we’ll hit the rumor mill. The Mini-Microsoft blog is getting and […]
In this week’s Search In Pictures, here are the latest images culled from the web, showing what people eat at the search engine companies, how they play, who they meet, where they speak, what toys they have, and more.
The Yahoo layoffs are underway, and are happening live online. Blogs, news sites, and social sites like Twitter are filled today with live reports about what’s going on inside Yahoo’s offices. Here’s a rundown of what we’ve found. Silicon Alley Insider is posting updated comments from the now ex-Yahooers, who are describing the scene at […]
According to a report in the Wall Street Journal Yahoo’s board is considering offering the CEO job to Arun Sarin, the newly retired CEO of EU mobile carrier Vodafone. It’s merely speculation at this point but Sarin is attractive for several reasons:
Fortune magazine asks why Microsoft can’t make money online, and shares some striking numbers: The company’s Online Services unit, which includes Live Search, aQuantive, and the MSN portal, lost $480 million in the quarter that ended September 30th — 80% more than the same quarter a year ago. Ouch! Why the struggles? The article suggests […]
The Web Guild reports Google has begun laying off staff and up to 10,000 ‘Googlers’ can be impacted by this new wave of layoffs. The Web Guild said in August, recruiters said about 500 ex-Googlers were on the job market and that number continues to increase. I am a bit skeptical about the Web Guild’s […]
AllThingsD reports that Yahoo’s previously announced 10 percent reduction in force (layoffs) is set to begin on December 10. However, the post also says that chief Yahoo, CEO Jerry Yang, is not considering leaving his post for now. (NOTE: See update, Jerry Yang Stepping Down As CEO; Resuming Chief Yahoo Role). Yahoo stock is hovering […]
Yahoo announced (pdf) Q3 revenues this afternoon. Search revenues and performance-based display ads were up. However, “premium display” (CPM) was down. Revenues were $1.786 billion, a (tiny) one percent increase, vs. $1.768 billion in the same period last year. The company stressed that consumer page views and engagement were up. Yet Yahoo confirmed that it […]
TechCrunch reports Yahoo is planning of laying off between 1,000 and 3,000 employees. Yahoo Plans Major Cost Cuts, Including Layoffs from the Wall Street Journal expect the cuts to start as early as tomorrow. The cuts come after Yahoo hired consulting firm Bain & Co. to cut costs and improve efficiencies.
AllThingsD and, picking up on that post, Silicon Alley Insider speculate about potential, forthcoming job cuts at Yahoo to streamline consumer-facing and ad-focused business units.
Below is what happened in search today, as reported on Search Engine Land and from other places across the web.
Google to Lay Off About 300 at DoubleClick from the New York Times reports that Google will be firing about 300 employees at DoubleClick. The layoffs will cut down the American division of the company by 25 percent (DoubleClick currently employs about 1,200 people). Google has not yet confirmed these layoffs. In very related news, […]
Below is what happened in search today, as reported on Search Engine Land and from other places across the web.
The expected Yahoo layoffs started a few hours ago. Two very good people I know are among those cut. No doubt we’re going to be hearing from many more. Below, a rundown on reports I’ve spotted from others on the web about the cuts. As more comes in, we’ll update or do a fresh post. […]
Silicon Valley Recruiters Zero In On Yahoo Employees from CNNMoney reports that technology recruiters are being inundated with requests from technology companies for them to find and secure Yahoo employees. Specifically, these technology companies are seeking developers, project managers, and key executives who may want to jump ship ahead of a possible Yahoo-Microsoft merger and […]
Despite the hopes of many and rumors that Yahoo would post “strong” earnings, Q4 2007
Over the past several days, a number of blogs (PaidContent, Silicon Alley Insider, TechCrunch) have reported and speculated (based on tips) that Yahoo was contemplating significant job cuts, perhaps as many as 2,500.
AllThingsD’s Kara Swisher reports on two high level executive departures from Yahoo and about purges in the VP-heavy ranks at the company: “Next to go are VP of Media Engineering Bharath Kadaba and the higher profile Rachel Glaser, a senior vice president of operations finance.” The piece speculates that more high-level layoffs can be expected […]
Silicon Alley Insider is predicting impending layoffs at AOL and recommending them at Yahoo. Alley Insider’s Henry Blodget says that layoffs would be good for Yahoo and “Demonstrate that CEO Jerry Yang can make the tough, unpopular decisions necessary to get this company humming again.” I think that he’s correct that the pressure on Yahoo […]
Kara Swisher reports on a layoff notice from AOL CEO Randy Falco. The bottom line, literally and figuratively, is that the company is trimming (or slashing) 20 percent of its workforce. The letter outlines the company’s new focus on three business segments: “We refocused the business around three core areas–Platform-A, Publishing, and Access–and are now […]
Fast Search & Transfer lets go of 148 employees from Pandia reports that Fast Search and Transfer will be letting 148 employees go this year. The employees who are being fired are reportedly being compensated for the downsizing. Fast Search & Transfer have reportedly hired 400 employees in 2006 and 2007. The company’s CEO, John […]
Listen up, HR managers, there’s a fresh crop of search employees on the block. iCrossing commenced a round of layoffs this week. Rumor has it that the new CFO, Michael Jackson, is not driving continued growth, but cutting the fat based on profitability of offices and accounts. As of this morning, 20-30 employees have been […]