Yahoo layoffs

Today in Tech: Yahoo layoff details, Facebook, and iAds

December 15, 2010: 7:59 AM ET

A 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)

  • 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
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by WordPress.com VIP.