Feeds

Yahoo! to! ax! 10%! of! product! staff! says! report!

Irving arm under ax

Choosing a cloud hosting partner with confidence

Yahoo! is set to lay off about 10 per cent of its product staff, according to a report citing sources "close to the situation."

All Things Digital reports that the web giant will lay off around 650 of the 6500 workers in its product organization, now headed by former Microsoftee Blake Irving, and possibly more in other organizations. Yahoo! has more than 14,000 employees.

The layoffs were originally reported by TechCrunch, but the bloggy thing said that 20 per cent of Yahoo!'s entire staff would be cut, and the company has denied this figure. "Yahoo is always evaluating expenses to align with the company's financial goals. However, a 20 percent reduction in Yahoo's workforce across the board is misleading and inaccurate," the company said in a statement to All Things Digital.

The company did not immediately respond when we asked for confirmation of the statement.

The apparent lay-offs are in stark contrast to this week's news from Google, where the entire staff was given 10 per cent raises and a holiday bonus. But this wasn't good news for everyone at Google. Mountain View apparently fired the guy who leaked word of the sweeping pay rise. ®

Update

Yahoo! has confirmed its statement.

Beginner's guide to SSL certificates

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
prev story

Whitepapers

Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.