Looks like no one can hide from the Yahoo axe today. Last week it was going to be 700, today the number is 600 – but people are being aggressively laid off – apparently even employees on the road are getting notification of termination, according to Silicon Alley Insider.
Morale must be low over at Yahoo right now, especially after CEO Carol Bartz stated, “”You have three people telling project engineers what to do, and nobody’s fucking doing anything,” during an analyst earnings call last week, CNN Money reported.
Stock prices have risen about 4% today – similar to the reaction to the layoff announcement last week. Sad if layoff notifications are the only time the stock gets spikes.