Nothing says economic crisis like companies laying off employees by the thousands and if rumors prove to be true, Yahoo! may not be done with it’s cutbacks yet. According to BoomTown citing the New York Times, a Yahoo! spokesperson by the name of Brad Williams says yesterday’s 10 percent cut in staff might not be the end.
“There could be additional staff reductions next year,” Williams said. “It depends on the decisions we make about prioritization, and on things we can’t predict in the economy,” he explained. “We are trying to instill a culture of cost-discipline in our business.”
Williams told the Times that Yahoo! is closing offices in Dusseldorf, Hamburg, Stockholm, Amsterdam, Oslo, and Copenhagen and that next year, similar closures will be made at smaller offices in the United States and Asia. He went on to say that while yesterday’s devastating cuts will affect the company, the bigger Yahoos are still deciding which projects are going to be scaled back and which are going to be cut all together.
As usual Jerry wrote to staff in a mail that included zero capital letters. The official Yahoo! blog has more than a few comments dissing the fact that Yang wrote to staff in this way, claiming it was disrespectful. Be that as it may, we feel it would have been more disrespectful to address employees in a manner different to what he’s been using consistently during his role as CEO of Yahoo!. Are we the only ones who’d assume a letter written with a pinky hovering over the shift key wasn’t written by Yang himself? Full email below.
today, most of our layoffs in the US are happening, and they’ve been underway in other regions around the world.
this is a tough time for all of us and i wanted to take a moment to reach out to you.
saying goodbye to colleagues and friends is never easy. they all are dedicated members of our yahoo! family, who worked beside us and shared our passion.
but as you all know, we must take actions to better perform in today’s turbulent global economy. while we’ve found efficiencies in many parts of our business, laying off employees is unfortunately unavoidable. our difficult decision to let colleagues go reflects the changes we’re having to make to better align costs with revenues – something businesses in virtually every sector are also having to do.
for those who are affected by these layoffs, i am extremely grateful for your contributions to yahoo!. we realize the impact this will have on you. that’s why, consistent with our past practices, we’re making every effort to support you with severance packages and other services.
the reductions we’re making are very hard, but they are also very necessary — as we focus on the long-term health of our business. to those who are leaving us, i extend my heartfelt thanks on behalf of yahoos everywhere — you will be missed.