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The art of layoffs

By on Oct 22, 2008 in Wisdom | 0 comments

I stumbled upon a post on Techcrunch about Yahoo CEO, Jerry Yang’s email to employees that 10% of them will be laid off. Here’s a snip from actual mail :- From: Jerry Yang [mailto:jerry@yahoo-inc.com] Sent: Tuesday, October 21, 2008 2:20 PM To: all-worldwide@yahoo-inc.com Subject: update yahoos, Sad Jerry Yang i feel it’s important for me to reach out to you after our earnings announcement, and before our all hands meeting tomorrow. …crap…crap… …however, because compensation expenses are the single largest part of our costs, we anticipate a reduction of at least 10% of our global workforce by year-end. …more crap… as always, i thank you for all you do as yahoos. best, jerry Now 100% of the Yahoos wait hopelessly will have to wait for next several weeks to know if they will still be the yahoos. My laser vision notices that Jerry...