Reports: Yahoo plans more job cuts
Yahoo is planning a new round of layoffs, the first since Carol Bartz became chief executive in January, according to several people with knowledge of the situation.
The layoffs could affect several hundred employees and may be announced as early as Tuesday when Yahoo reports first-quarter financial results, said these people, who agreed to speak on condition of anonymity because the plan is confidential.
Source: The New York Times
Update (4-21-2009): Yahoo to Cut 5% of Jobs
[...] Reports: Yahoo plans more job cuts [...]
Yahoo announced 5% layoff worldwide.
According to CNNMoney: ““You have three people telling project engineers what to do, and nobody’s f***ing doing anything,” Bartz said on a conference call with analysts.”
The question is: based on Bartz’s statement, who will hit the road: these ‘three people’ or ‘project engineers’, or both?