Layoff described by one source as ":massive" are coming to MySpace although there is no official word yet from the company. MySpace shed 5% of its staff a year ago and laid of as many as 45 more last month. But these cuts will go far deeper, according to TechCrunch and could hit several hundred. Management will inevitably blame a tough economy and plummeting ad revenue, but declining traffic is the real culprit.
Flickr Is Target Of Yahoo’s Latest Layoffs
While it is no surprise that Yahoo started announcing the layoffs of between 600-700 people this week (the
Employees Overwhelmingly Confident About Layoffs
Employees in the U.S. seem to overwhelmingly share a "it won’t happen to me" attitude when it comes to losing jobs. Glassdoor.com has released results from a survey, which found that 4 out of 5 employees have no concerns about being laid off in the next six months. GlassDoor breaks it down into two categories – companies that have reported upcoming layoffs, and companies that have not:
Yahoo Layoffs Could Cost $25M
The reorganization at Yahoo that resulted in hundreds of layoffs will cost the company millions in related costs.
Layoffs and the Yahoo Brand
The ’sphere is buzzing with “anonymous” tips that Yahoo CEO Jerry Yang will soon be faced with the tough decision of firing up to 2.500 employees.
Yahoo Could Alter Course With Layoffs
We’ve run several, several stories in recent weeks about Yahoo execs leaving the company, and the departures have been, as far as we can tell, completely voluntary. But according to one analyst, a solution to most of the company’s problems would be for roughly 1,200 other employees to involuntarily follow suit.
Bank of America Giving First State First-Hand Look At MBNA Layoffs
The Charlotte-based financial company will buy MBNA for $35 billion, and will cut 6,000 jobs as it reorganizes.
Outsourcing, Layoffs, And No Stock Options?
Thanks but no thanks, say students to the prospect of entering the computer field in college.
Oracle Layoffs Confirmed
A few days ago I went on a rant about Oracle having layoffs and that some of my friends would probably be losing their jobs.