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Dan
(the_technocrat)
The reporters of the tech industry are up in arms as rumors of mass layoff at Yahoo were confirmed. Analysts estimate that between 10-20% of the workforce will get the axe in 2008, affecting 1,400-2,800 people.
Although sure to be reported as a bubble-esque indicator of weakness in the tech sector, compnies like Yahoo periodically have to do such purging of redundant personnel, a side effect of mass acquisitions of smaller companies.
via Mashable
The reporters of the tech industry are up in arms as rumors of mass layoff at Yahoo were confirmed. Analysts estimate that between 10-20% of the workforce will get the axe in 2008, affecting 1,400-2,800 people.
Although sure to be reported as a bubble-esque indicator of weakness in the tech sector, compnies like Yahoo periodically have to do such purging of redundant personnel, a side effect of mass acquisitions of smaller companies.
via Mashable
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