As we reported of layoff season plaguing the valley, Yahoo announced removing 10% of its 14,300 workforce as its profits fall 64 percent for 3rd quarter. The layoffs will happen over the next two months. Yahoo stock went down 6% to close at 12.07 but in the after hours trading after the announcement, stock is [...]
October 21st, 2008 | supa | Comments | ContinuedAll Posts Tagged With: "layoffs"
Layoff season: Wikia, Veoh cut jobs on Monday, Yahoo to detail on Tuesday
We’ve Sensed It. We’ve Seen The Signs. Now… It’s Happening. - The Happening (2008)
It was expected, that melting WallStreet will hurt everything in its vicinity and now it is happening in the valley. Wikia.com, a community based plateform for wikipages, has laid of 30 percent of its 43 person workforce on Monday, according to ValleyWag. [...]
HP announces massive layoffs as EDS acquisition completes
As HP integrates it’s acquisition of EDS, the company has announced restructuring of it’s combined workforce. HP will shed approximately 7.5 percent! of it’s employees or about 24600 heads. About half of the reductions will occur in the United States. HP says it will provide employees affected by this restructuring program with severance packages, counseling [...]
September 16th, 2008 | rp | Comments | Continued
