Jerry Yang's memo - 10% of you are fired
Following yesterday's earnings announcement (below), Yahoo co-founder and chief executive Jerry Yang sent staff a memo. It announces the aim to cut costs, with Yang saying: "because compensation expenses are the single largest part of our costs, we anticipate a reduction of at least 10% of our global workforce by year-end."
affected employees will be notified of layoffs in the next several weeks. we understand that hearing this news now creates uncertainty, but we are moving ahead in a way that balances speed with a clear focus on...
» Read the rest of the post
3 Votes
