AOL Layoff Rumors Resurface Again

Today’s workday may be another tough eight hours for AOL employees.  CEO Tim Armstrong himself has confirmed that more layoffs will occur due to the acquisition of the Huffington Post, and while the timing remains uncertain, tensions are sure to…

Yahoo Confirms Layoffs Ahead Of Q4 Earnings Report

In a few minutes, Yahoo will release an earnings report concerning the fourth quarter of 2010, but prior to that, the company’s admitted that yet another round of layoffs is taking place.  The number of affected individuals is probably in the neighborhood of 140.

Obviously, that’s not great news for those people, and it may not be a good sign for Yahoo, either.  Many companies are expanding, not contracting, as the economy recovers.

MySpace Confirms 47 Percent Staff Reduction

If you happen to know anyone who’s employed by MySpace, today’s a good day to keep them in your thoughts.  MySpace CEO Mike Jones confirmed that heavy layoffs will occur, with 47 percent of the company’s employees (or roughly 500 people) due to be affected.

While it’s hard to imagine that half of MySpace’s workforce contributed absolutely nothing, and it’s extra suspicious that Jones made his announcement at a time when the Verizon/iPhone hoopla was distracting everyone, the CEO did try to indicate that MySpace is in good shape now.

MySpace Layoff Rumors Intensify

Rumors concerning the possibility of drastic layoffs at MySpace first surfaced on New Year’s Eve, and it seems that the start of 2011 hasn’t improved the situation.  A new report holds the percentage of employees who may be affected between 33 and 50, and even indicates that the layoffs could occur in the next few weeks.

Yahoo Puts Pre-Tax Cost Of Layoffs At $33-$38 Million

Shareholders may grumble, but there’s perhaps a bit of good news regarding the four percent of Yahoo’s employees who were laid off last week.  Yahoo’s calculated the pre-tax cost of the layoffs at somewhere in the neighborhood of $35 million.

Significant Yahoo Layoffs Rumored

At a time when people should be decorating their offices in a festive manner, it seems that a large number of Yahoo employees will instead have to carry away their belongings in cardboard boxes.  Multiple sources indicate that Yahoo intends to conduct another round of layoffs in December.