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Yahoo Terminates 2,000 Employees & Boosts Savings Of $375 Million

Google, Er, Yahoo Car Needs a BathYahoo’s new CEO, Scott Thompson, has continued Carol Bartz trimming of the company by laying off almost 15% of their staff. The company was at about 15,000 or so employees and has announced they are dropping 2,000 additional employees.

Scott Thompson explained:

Back when they laid off 4% of their staff right before Christmas holidays in 2010, I said they are not just giving up on search but also giving up on their future. Now? Well, they will save $375 million by firing their most loyal workers but hey, that is a heck of a lot of money to save.

At this point, I really don’t care as much. A year ago, I’d get all upset and fired up. But Yahoo is no longer the Yahoo we grew to love. Yahoo is another company. If anything, Yang leaving is a testament to that.

Forum discussion at WebmasterWorld.

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