Yahoo layoffs rumoured
So the rumour goes around that more than 3,000 out of the 15,000 employees are expected to be axed from Yahoo!. But not without a party.
Yahoo! is throwing it’s annual multi-million dollar party in December – themed as a Las Vegas casino. The layoffs are rumoured to be around the 10th Dec, apparently days after the party will be held.
Why have a Las Vegas themed party costing millions – and then lay off your staff? I suppose Jerry wants to gamble that decision (no pun intended)
Not only that, but the rumour also states that the CFO is planning on cutting it’s employees’ severance package (that’s probably what’s paying for the holiday).
Recently, Rojeh Avanesian (Head of Finance, Yahoo! Santa-Monica media group) left and I suppose many more to follow on.
[...] reading about the rumours of Yahoo!’s layoffs, I then came across a screenshot of the new Yahoo! profile [...]
Here’s something. Why not everyone make a statement and not go to the Yapoo! Christmas party. If Jerry Clang is going to spring millions on a Christmas party after a layoff (yeah I know the party is already paid for – but he also should not have been arrogant enough to believe his crappy company would be so far in the toilet this late in the year), then those who survived should teach him a good business lesson (cause we all know he could use one!). By the way, no other Yafoo beside Sunnyvale Yaspoos are having a big party.
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