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I reported this news yesterday at Search Engine Land, in short, Yahoo is expected to layoff thousands of employees and cut costs across the board.
Last time Yahoo laid off employees, we were sad - cause we knew several of those hit with the layoffs. I suspect we will know many of those hit by today's announcement.
It is sad to see this happening, and it is not just Yahoo. Many companies are reducing their work force and dropping cause, in preparation for the recessionary times. Yahoo would have likely done this anyway but now they need to do this possibly at a whole new level.
We have discussion from SEOs and SEMs at WebmasterWorld and DigitalPoint Forums. Most are concerned over the competitive landscape of the search space.
Forum discussion at WebmasterWorld and DigitalPoint Forums.
This post was written on Monday, October 20th and scheduled for Tuesday, October 21st.
Comments:
Matthew
10/22/2008 02:41 pm
Despite the layoff news, I see thousands of high paying jobs posted on employment sites - http://www.linkedin.com (networking for professionals) http://www.indeed.com (aggregated listings) http://www.realmatch.com (jobs matched to your skills) These folks will find new jobs...maybe better ones!
Angulo Fu
10/22/2008 03:29 pm
On Tuesday, Yahoo announced third-quarter fiscal report. The net profit of Yahoo fell 64%, compared with the last year. Yahoo is expected to lay off worldwide staff at least 10% in the fourth quarter, that is 1,500 employees. http://china-business-daily.blogspot.com/2008/10/yahoo-to-lay-off-1500-employees.html