Yahoo News

Interesting Layoffs Strategy from Yahoo - Best Paid People Leaving

Somehow that's not right

By Vlad Constandes, SEO News Editor

13th of February 2008, 08:56 GMT

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Yahoo! has started spring-cleaning today, but it looks to be the maid of nightmares. It's throwing away most of the expensive but all the money worth china, as well as the stuff from Pottery Barn that's been shattered to pieces. The basic guideline I've managed to get from their strategy is that people with the highest salaries have to go, regardless of the position they're occupying in the managerial and executive scheme.

The recruiters in Silicon Valley must be having the times

of their lives right now, Waiting for all the upcoming knocking on their doors from people nigh unreachable before the force reductions started happening. More than that, every tech company in the Valley should be ecstatic with the possibility to get muscle out of Yahoo! and not just the fat that was supposed to be cut off.

From what ValleyWag reports, "layoffs are going down as we speak, and people are being let go today. They're apparently walking the people into a meeting room, and then walking them out of the building." That's rather harsh, I think, but some other employee chose to twitter about his laying off. Some of his messages, as reported by ZDNet:
Lots of whispered conversations. Like people are afraid to ask who's gone.
Finishing meeting with HR. Need to go clear out desk now.
This is a serious downer. Trying to drown it in free lattes. Which I will miss.

Keeping proportions, this is like reporting from a war-torn zone, with heads falling under the axe everywhere.

Other (now) former employees chose to blog about it as soon as they found out: "It turns out that this force reduction included [me] Randy Farmer and Chip Morningstar - much to our mutual surprise as we each had strong contributor/leadership roles in the company."

With all consideration for the Yahoo! team, I just have to ask myself if they really know what they're doing.

TAGS:

yahoo news | layoff | strategy | silicon valley

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