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The entire text of the email that Yahoo CEO Jerry Yang sent to all Yahoo employees has been leaked. The email was sent after Yahoo announced its Q3 earnings. Jerry Yang began by telling the “Yahoos” that he felt it was important for him to reach out to them after the earnings announcement.
He once again reminded them that it has been a very challenging year for the company. After enumerating few of the things Yahoo is doing to survive in the “turbulent global advertising climate”, he came straight to job cuts.
Yang told all Yahoos that the company has no other choice but to slash jobs – in order to cut costs, as “compensation expenses are the single largest part of its costs.” He then apprised them of the heart-wrenching fact that 10% of them are going to loose their jobs by year-end.
Image Credit: Telegraph
Links:
[1] http://www.maximumpc.com/user/opulent_rigs_0
[2] http://www.techcrunch.com/2008/10/21/jerry-yang-email-to-all-yahooers/
[3] http://www.maximumpc.com/article/news/10_years_later_yahoo_finally_overhauls_its_calendar
[4] http://www.maximumpc.com/article/news/billionaire_investor_takes_spotlight_away_carl_icahn_chief_yahoo_hater
[5] http://www.maximumpc.com/article/news/eulogy_yahoo_mash
[6] http://www.maximumpc.com/tags/costs
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[10] http://www.maximumpc.com/tags/pink_slip
[11] http://www.maximumpc.com/tags/termination
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[13] http://www.maximumpc.com/articles/news
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