Yahoo Reported to Plan Hundreds of Layoffs
391742
Yahoo plans to lay off hundreds of employees to increase profitability, prop up its deflated stock price and focus on a smaller number of key areas, people close to the company said.
336730
Intel executives are expected to reveal the results of an internal evaluation that could include layoffs of thousands of employees.
23383
Rumors suggest that AOL, which hired a new CEO last November and has suffered a precipitous drop in revenue recently, is getting ready for massive layoffs.
1605
Yahoo has introduced two new severance plans that will protect its employees if&#160;Microsoft&#39;s unsolicited takeover bid&#160;is successful, it said in filings with the U.S. Securities and Exchange Commission (SEC) on Tuesday.The new plans filed make all full-time employees eligible for severance pay equal to base salary for four months to 24 months, depending on the employee&#39;s job level. Health and dental coverage is also included.The maximum protection of 24 months&#39; salary will be offered to CEO Jerry Yang, Chief Financial Officer Blake Jorgensen, and certain other executives still employed by the company and named in the SEC proxy filing for Yahoo&#39;s 2007 annual general meeting. That list includes former CFO Susan Decker, now president of the company, and Executive Vice President, General Counsel and Secretary Michael Callahan. Others listed in the proxy filing have already left the company, including former Chairman Terry Semel, former Chief Operating Officer Daniel Rosensweig and former Chief Technology Officer Farzad Nazem.The benefits take effect if an employee&#39;s contract is terminated without cause by Microsoft -- or another acquirer -- or if the employee leaves with good reason within two years of a change of ownership.The severance plans are designed to help retain employees, help maintain a stable work environment and provide certain economic benefits to the employees in the event their employment is terminated, according to Yahoo.Yahoo&#39;s filing came the same day that news reports suggested Microsoft is preparing a campaign to win shareholder support for changes to Yahoo&#39;s board.&#160;
640636
Yahoo has introduced new severance plans that would give employees up to two years' salary if their contracts are terminated following a takeover.
134067
Insiders says the company will file for Chapter 7 protection after laying off hundreds.
255217
Yahoo Inc.  said it signed agreements with six mobile operators across Asia, as part of a broad global expansion that will see its mobile services in tens of millions of phones by the end of the year.
61991
The company announced the firings on Thursday along with a restructuring plan that included layoffs of about 3,500 employees.
402460
As it announced 23-percent decline in fourth-quarter profit, Yahoo also said it planned to cut 1,000 jobs from its 14,000-member work force, far more than expected.
78802
Citigroup  will announce plans to cut payrolls by 17,000 to 24,000 people when it reports earnings on Tuesday, CNBC television reported on Monday, adding that the layoffs could take place over a year.
69113
By Anne Krishnan, The News & Observer, Raleigh, N.C.  Feb. 28--Lenovo might be planning 1,000 layoffs worldwide to cut costs in  the ultra-competitive PC market, according to newspaper and wire reports from  Asia.
57657
Yahoo Inc. plans to close its U.S. offices during the final week of the year, a cost-cutting measure that will require most of the Internet icon's 10,500 workers to use their vacation time if they want to be paid for the time off.
297929
Yahoo Inc  is planning to announce cutbacks later this month that will likely lead to hundreds of job losses at the nearly 14,000 employee company, a source familiar with the plan said on Monday.
353042
According to a story by The Wall Street Journal, Yahoo's board plans to send a letter to Microsoft on Monday saying that the software vendor's $44.6 billion merger offer "massively undervalues" the online services company.
243485
Ina cost-cutting move, America Online plans to cut more than 700 employees at its Northern Virginia headquarters next month, according to a report in the Washington Post that cited unnamed sources.
657083
By BRIAN BERGSTEIN  IBM Corp. laid off 1,570 people Wednesday, primarily as part of an ongoing operations overhaul in its giant technology services unit.  Seven of those affected work in Tulsa, said IBM spokesman Jeff Tieszen.
445010
Yahoo has trimmed some staff in India as part of an exercise to improve the quality of its research and development (R&amp;D) team in the country. The company has removed less than 5 percent of staff after they failed in a performance appraisal, according to an informed source. Yahoo employs 1,500 staff in India in R&amp;D and its sales and marketing operations.However, the company continues to hire more staff in India. While declining to confirm the staff cuts, a spokeswoman at Yahoo said Thursday that the company has doubled staff in India each year, and is likely to do so this year as well. &quot;We continue to build a high performance culture in India,&quot; she said.IBM&#160;and Indian outsourcer Tata Consultancy Services have also&#160;trimmed under-performing staff in India, although both have said that the staff cuts are routine annual exercises to weed out under-performing staff. As staff costs in India increase because of shortage and competition, companies may be getting a lot tighter on quality, according to some analysts.Yahoo announced in January&#160;plans to let go about 1,000 of its global staff&#160;in February.