December 9th, 2008
Yahoo! pink slips could come tomorrow
Yahoo! tomorrow will tell 1,500 employees tomorrow that their days in purple are over, according to FishBowl LA.
That is roughly 10 percent of its work force of 14,300 (by latest Wikipedia count).
This is a bigger cut than the 1,000 made in February. But it’s right in keeping with Yahoo!’s stated plans to cut a tenth of its work force. That was signalled in October.
Interestingly, Yahoo!’s board appears to be considering former Vodafone CEO Arun Sarin to replace Jerry Yang, the current chief Yahoo.
Yang, of course, is one of the casualties of Yahoo!’s ongoing strategic woes. But Vodafone may not escape similar woe. An announcement of sizable Vodafone job cuts has been expected in Europe since early November.
Sarin stepped down in July.
Tom Steinert-Threlkeld is editor-in-chief of Securities Industry News, as well as a long-time media, technology and business journalist. See his full profile and disclosure of his industry affiliations.
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