Recession-triggered personnel shuffles are causing all sorts of people to turn to LinkedIn. Somewhat ironically, big changes are now taking place inside that company, too, with the current CEO leaving, the old one regaining his title, and a former Yahoo joining the picture.
Dan Levy started at PayPal in October, 2001 as a product manager. Seven years later, he was with the same company and his business cards read "Head of Risk Management, Europe." But in what seems like a loss for eBay and a gain for a certain social network, Levy's now gone to work for Facebook.
As part of its plan to make an acquisition extremely unpalatable to Microsoft, Yahoo adopted a poison pill severance plan six months ago. Now, for the sake of satisfying some shareholders who sued it, Yahoo has made it slightly easier for a new owner to fire employees.
Given all that's gone on at Microsoft lately, it's hard to believe that the company has been running around without anyone in charge of its Online Services Group. That period is coming to an end, though, as Dr. Qi Lu, a former Yahoo exec, has gotten the job.
Late last year, Google did the politically correct thing and wished everyone "Happy Holidays." This winter, the situation within the company may be a little less joyous, as cutbacks of various types might be occurring.
Deals involving Google and Microsoft may get the government feeling nervous, but so far, Facebook's growth isn't causing much anxiety. The SEC has given the social networking company special permission to keep hiring and handing employees equity without publicly sharing its financial data.
If you haven't heard the news from another source, you probably could have guessed it by watching Yahoo's stock price. Shares have risen about 12.6 percent in pre-market trading on the official announcement that the search for a new CEO is underway.
So much for escaping the "financial bunker" mindset. After a short period of relative peace, we appear to be in the thick of things again, with layoffs taking place at both LinkedIn and Veoh, and less tech-related problems also occurring.
Yesterday's election was a pretty straightforward process - no riots, no recounts, not even the threat of a lawsuit. So, as if to make up for it, a couple of questionable reports plagued the search industry today, and we'll try to straighten out the situation here.
Until somewhat recently, Twitter's site seemed reluctant to stay in working order. The company still lacks an identifiable business plan. And the economy as a whole has been imitating the current president's approval rating. But an encouraging new email hints that at least one small job market might be all right, after all.
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