Feeds

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

Irving arm under ax

Eight steps to building an HP BladeSystem

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.

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.