Yahoo lays off 600 people

The layoffs represent 4 percent of the company's global workforce

Yahoo confirmed that it has laid off 600 people, following news reports often based on Twitter messages from employees who had been let go.

The layoffs amount to about four per cent of the company's global workforce, Yahoo said. "Today's personnel changes are part of our ongoing strategy to best position Yahoo! for revenue growth and margin expansion and to support our strategy to deliver differentiated products to the marketplace. We'll continue to hire on a global basis to support our key priorities," it said in a statement.

The company said affected workers are receiving severance packages and outplacement services.

Yahoo has continued to struggle following a failed acquisition attempt by Microsoft that ultimately resulted in founder Jerry Yang stepping down from his post as CEO. Yahoo and Microsoft later signed a deal whereby Microsoft is powering Yahoo's search and Yahoo is using Microsoft's AdCenter platform. The deal has not yet helped Yahoo turn around its lagging growth.

Laid-off workers may find some comfort on Twitter, where they are receiving an outpouring of goodwill. One San Francisco brewery is offering a free beer to people from Yahoo who show their termination letters.

Plenty of companies are reaching out to the laid-off workers encouraging them to apply for jobs. People with companies including Aprendi Learning, Tucows.com, DirecTV, Combine Couture, OMGPOP.com and Uptake.com all posted Twitter messages expressing interest in hiring former Yahoo employees.

The website Quora is hosting a thread for companies in the San Francisco area interested in hiring laid-off Yahoo workers. So far, there are 14 posts about jobs with companies including Yammer, Mozilla and Cloudera.

Nancy Gohring covers mobile phones and cloud computing for The IDG News Service. Follow Nancy on Twitter at @idgnancy. Nancy's e-mail address is Nancy_Gohring@idg.com

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags internetbusiness issuessearch enginesYahoolayoffs

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Nancy Gohring

IDG News Service
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?