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Are Those Yahoo Layoffs Starting To Roll Out Today?

20 points| desigooner | 15 years ago |techcrunch.com

8 comments

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[+] wccrawford|15 years ago|reply
This is a good example of how to create chaos and panic in your company.

A couple people come in to work and find something odd. Due to past rumors of a layoff, and the company's refusal to deny the rumors, they are now starting a full-on panic about layoffs that will infect everyone.

Now, it could be true... But it might not be.

I think you can pretty much guarantee that today will not be a productive day at Yahoo.

[+] weej|15 years ago|reply
Why is it that corporations, specifically Yahoo!, have a tendency to lay folks off right in the middle of the holidays?

If I recall they had huge layoffs in '07 right before their infamous Xmas party.

All this does is destroy morale, produce more rumors, and takes a big hit on the company's overall image.

[+] protomyth|15 years ago|reply
I do believe it has to do with the Tax code in the US, but I can't remember exactly why. The other thing is that it probably makes the quarterly numbers look better.
[+] bradfordw|15 years ago|reply
Just in time for the holidays (in my world, Christmas). Epic. Fail.
[+] forgotAgain|15 years ago|reply
It's terrible to lose your job but this time of year is not the worst. A lot of budgets are started or renewed at the beginning of the calendar year. You have a better chance to land a new position than in spring or summer.

I'm writing this not to lessen the raspberries for Yahoo but to offer some light to those affected.