Massive Yahoo Job Cuts Rumored

[OhioChick]

Mon, 01/21/2008 - 5:56am.

Middle management may suffer the unkindest cut of all, if a rumored layoff of upwards of 1,500 people takes place.
The numbers could go as high as 2,500 should Yahoo CEO Jerry Yang sign off on a reputed plan to deflate Yahoo's employment rolls.

Wall Street would be delighted to see Yahoo take that course. When the now-famous Peanut Butter memo leaked, Yahoo executive Brad Garlinghouse said in it Yahoo suffered from a lack of decisiveness, among other things.

Silicon Alley Insider cited a tipster in disclosing the likelihood of layoffs taking place ahead of next week's earnings announcement. "Management by committee does not work," the report said, with Yahoo's moribund stock price likely a result.

http://www.webpronews.com/topnews/2008/01/21/massive-yahoo-job-cuts-rumored

[dkf]

1. Not good.

This is why it is not good to cheer on the fall of the stock market people.

Sure some of you are thinking you could care less if the "rich" lose money or are even happy that it is so, but real people get hurt when they lose their jobs.

[Deja Q]

2. Inwhat countries will jobs be cut?

And will more magically appear in other countries?

When will globalization become real, for real competition once again?