Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Yahoo Will Cut Up to 1,500 Jobs in Calif.

Search giant could slash as many as 1,500 jobs, shutter entire projects

By Wesley Oliver, Newser Staff

Posted Dec 9, 2008 12:56 PM CST

(Newser) – Yahoo will cut as many as 1,500 California employees from its ranks tomorrow, Mediabistro reports. Employees learned of the layoffs in an email yesterday from outgoing CEO Jerry Yang, according to an inside source. The layoffs follow Yang's November announcement that the search giant... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

There are no comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Cops Shoot Naked Guy Eating Man's Face on Highway

Japanese Artist Serves Up Own Cooked Genitals

Mediabistro (Source Grid »)

More details on the layoffs
All Things Digital

No short list yet for Yang's successor
Bloomberg

Yahoo needs a pugnacious yin to current CEO's Yang
Seeking Alpha

Yahoo, go back to basics: making money
Guardian (UK)

Money • Technology

Yahoo • Internet • layoffs • Jerry Yang • Sunnyvale

More Newser Stories

1,000 to Lose Jobs as Yahoo Profits Fall 23%

Will continue to face 'headwinds' this year as online ad revenues sink

(NEWSER) - After a 23% plummet in fourth quarter profits, Yahoo's CEO said the company will face job cuts and continued "headwinds" in 2008, the Wall Street Journal reports. Facing decreased advertiser spending, the company will lay off 1,000 employees next month, though it will try to relocate some within Yahoo. Such bleak expectations prompted a 10% drop in shares after hours. More»

Yahoo to Name Software Exec Its New CEO

Bartz, of Autodesk, will succeed Yang, sources say

(NEWSER) - Yahoo will soon name Carol Bartz as its new CEO after a two-month search for a successor to Jerry Yang, the Wall Street Journal reports. The 60-year-old Bartz served as CEO of Autodesk Inc from 1992 to 2006, and still serves as the company’s executive chairman. She’s also on the board at Cisco Systems, alongside none other than Yang, and has previously been an executive at Sun Microsystems. More»

Ballmer Quashes Yahoo Bid Rumors; Open to Partnership

Microsoft 'done' with acquisition attempts, even after Yang's resignation

(NEWSER) - Steve Ballmer quashed the rumor that Microsoft would make another offer to buy Yahoo now that Jerry Yang has quit as CEO, CNET reports. “We are done with all acquisition discussions with Yahoo,” the chief executive said today. “We did our best; we’ve moved on.” More»

Amazon Kept Laughing After Dot-Com Bust

E-tailer stays nimble as Yahoo, eBay trip into the future

(NEWSER) - Yahoo, eBay, and Amazon emerged from the dot-com bust as a mighty triumvirate, but only Amazon has kept its mojo in the decade's latter stages, the Economist reports. Yahoo, the oldest of the lot at 14, shooed away Microsoft, surrendered part of its business to Google, and failed to stay current. It survives, “but on the web’s equivalent of life support." More»

MySpace Takes Aim at Yahoo

Social networker seeks to become a portal

(NEWSER) - Myspace is retooling itself to become a more direct competitor to web portals, specifically Yahoo, BusinessWeek reports. Starting Wednesday, the popular social networking site will unveil changes to its homepage such as news headlines, local weather apps, and entertainment links. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Yahoo Will Cut Up to 1,500 Jobs in Calif.

Search giant could slash as many as 1,500 jobs, shutter entire projects

Yahoo • Internet • layoffs • Jerry Yang • Sunnyvale

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

1,000 to Lose Jobs as Yahoo Profits Fall 23%

Will continue to face 'headwinds' this year as online ad revenues sink

Yahoo to Name Software Exec Its New CEO

Bartz, of Autodesk, will succeed Yang, sources say

Ballmer Quashes Yahoo Bid Rumors; Open to Partnership

Microsoft 'done' with acquisition attempts, even after Yang's resignation

Amazon Kept Laughing After Dot-Com Bust

E-tailer stays nimble as Yahoo, eBay trip into the future

MySpace Takes Aim at Yahoo

Social networker seeks to become a portal

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?