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Today in Tech: Yahoo layoff details, Facebook, and iAds
December 15, 2010: 7:59 AM ETA curated selection of the day's most newsworthy tech stories from all over the Web.
"Chrome OS will be killed next year (or "merged" with Android). ... Chrome OS has no purpose that isn't better served by Android (perhaps with a few mods to support a non-touch display)." -- Gmail creator Paul Buchheit (Boy Genius Report and TechCrunch)
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Photo: Bloomberg
Unfortunately, Yahoo finally made good on all those layoff rumors by cutting roughly 600 jobs, or 4% of its overall workforce, yesterday. The company didn't specify which departments the cuts came from, but earlier reports speculated it would focus on the products division. Said Yahoo in an email statement: "personnel changes are part of our ongoing strategy to best position Yahoo! for revenue growth." According to one insider, the product management team was moved to India, and layoffs focused on employees who had been with the company for less than a year. Severance will reportedly include up to three months of pay plus an unspecified bonus. (CNNMoney and Business Insider)
- As per jobs site Glassdoor, Facebook employees love their jobs so much, they've collectively ranked it the best place to work in the U.S. for 2010, above Southwest Airlines (2nd place), and Bain & Company (3rd place). (All Things D)
- China surpassed Japan in terms of Research and Development (R&D) spending, making it second only to the U.S. It's expected the country will spend $153.7 billion next year, up from $141.4 billion this year. (Wall Street Journal) More
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Today in Tech: Oracle, Amazon, and WikiLeaks
Every day, the Fortune staff spends hours poring over tech stories, posts, and reviews from all over the Web to keep tabs on the companies that matter. We've assembled the day's most newsworthy bits below.
"I remember him [Larry Ellison] very distinctly telling me one time: Bruce, we can't be successful unless we lie to customers. ... All the things that you would read in books of somebody being a leader, MORE
JP Mangalindan, Writer - Dec 2, 2010 6:00 AM ETPosted in: Amazon, Apple, BP oil spill, do not track, EasyPay, FTC, Larry Ellison, Living Social, Mozilla, Netflix, NYU, Old Navy, Oracle, Verizon, WikiLeaks, Yahoo -
Today in Tech: News around the Web
A round-up of the companies, deals, and trends that made headlines.
Every day, the Fortune staff spends hours poring over tech stories, posts, and reviews from all over the Web to keep tabs on the companies that matter. We've assembled the day's most newsworthy bits below.
In light of reports that private equity players approached AOL and News Corp. to make unsolicited bids for Yahoo, the Internet company has asked Goldman Sachs to MORE JP Mangalindan, Writer - Oct 15, 2010 8:23 AM ET -
Google introduces new Web video standard, splits industry
Google today announced the release of VP8, a new video codec that it envisions will pave the way for the future of video on the Web.
While it wasn't mentioned once during the keynote, VP8 takes dead aim at MPEG LA's H.264 codec, which has the backing of industry heavyweights like Apple and Microsoft (who are both members of MPEG LA).
VP8 technology stems from Google's purchase of On2 Technologies last year. MORE
Seth Weintraub - May 19, 2010 3:03 PM ET -
Google's Chrome-plated strategy
By Michal Lev-Ram
MOUNTAIN VIEW, Calif. - If Google's new Chrome Web browser succeeds, going online will be an all-Google experience.
"The Web has evolved pretty dramatically, but the underlying browser architecture is still very similar to the original Netscape browser," Sundar Pichai, Google's vice president of product management, said at a press conference Tuesday at the company's Silicon Valley headquarters.
Google (GOOG) says Chrome was designed to be "streamlined and simple." The MORE
Michal Lev-Ram, writer - Sep 2, 2008 1:39 PM ET
