More Jobs Being Lost...Bad Sign

Discussion in 'Et Cetera, Et Cetera' started by Whopper-lee, Jan 22, 2008.

  1. Whopper-lee

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    Just heard on the news...:eek:Yahoo is getting ready to lay-off /cuts some 14,000 employees/people ...due to falling stock.
    My god...my Yahoo runs slow enough as it is when I use it...what now.
    I feel for those people in this position of being cut!:mad:
    What's your opinon of yahoo services (if you use or not)?
     
  2. viking1

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    I don't use Yahoo, but I'm very sorry, and concerned about the loss of more jobs here in the States. This is an election year, oil prices are record levels, and a recession is almost assured. Same thing happened the last time a 2 term president was going out. Things may improve after the middle of 2009.
    That does little to help those who are hurting until then, though...
     
  3. zacktoria

    zacktoria New Member

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    I am in the process of attempting to change jobs. I have been looking for over 6 months...good jobs are scarce. Anyone out of work right now must be scared! The cost of living is outragous!! Between morgages, car payments, insurance, utilites and food our government says you can survive on $6.15 - what a crock of shit...that's not even $250.00 a week before taxes....

    I feel for all those getting layed off....as they start their job search...hope they got good severance packages....
     
  4. B_bigbanana

    B_bigbanana New Member

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    Yahoo! has certainly declined in popularity quite a bit since its founding. That may be the cause. I don't use Yahoo! anymore. Haven't for a few years. I believe it is just poor management and not 'updating' with the times/ culture.
    I don't hear of other large companies laying off huge amounts of people recently. So it has to just be Yahoo! and their inability to adapt.
     
  5. earllogjam

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    I don't really feel very sorry for those Yahoo folks. They, living off the gravy chain of the internet investment frenzy were obscenely overpaid, enjoyed benefits most could not dream of getting including stock options that would make your head spin and live comfortably in the Bay Area and still be able to afford BMW's and 6 week vacations to Barbados. I say it is about time someone called them back to earth with the reality whistle.
     
  6. B_bigbanana

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    Well said, Earl. :smile:
     
  7. D_Fiona_Farvel

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    Yahoo has most of their offices in the 'burbs of L.A., namely Burbank, Glendale, and Pasadena. They are not paid that well in comparison to other companies, and the stock option gravy train... doesn't really count for all of the people hired after the initial expansion.
     
  8. earllogjam

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    I think you'd revise your thinking if you've done work for and knew some professionals in the Sunnyvale corporate headquarters.
     
  9. D_Fiona_Farvel

    D_Fiona_Farvel Account Disabled

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    I do. ;)
    Hp, Ibm, Apple, Yahoo, Netscape, Google, Oracle, etc.
    I am from the Bay Area, in fact, the silicon valley. More specifically, Los Altos and Santa Clara, everyone works for one of these companies. Even I worked for one and if you were not there early, the benefits aren't what most assume they are. I'll bet most of the jobs lost are in the areas surrounding LA, and while no one will be immediately out in the streets, they are by no means set.
     
  10. B_Gaylord69

    B_Gaylord69 New Member

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    Well, if that's gonna being true...

    so employee from yahoo better to transfer to Google apply now!
     
  11. D_Fiona_Farvel

    D_Fiona_Farvel Account Disabled

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    Google already receives a shit load of apps.
    Good thing is they seem to be expanding consistently where others are cutting back their work force or simply not replacing employees.
     
  12. Not_Punny

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    Yikes! Bad news for Burbank. (Their building there is fairly new.)

    I will say one thing for Yahoo -- they have the best search engine for buying or selling cars in the US. autos.yahoo.com.
     
  13. Not_Punny

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    But on the other hand, Yahoo's new advertising program sucks. (Ads for PDFs)

    Adobe, maker of the popular Reader software that allows web users to view PDF files, partnered with yahoo instead of with google.

    The result?

    A clunker of a system. I've been waiting a MONTH for them to fix the application page. :eek::eek:
     
  14. earllogjam

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    I had a college friend join Oracle when they were on Davis Street up on the hill in Belmont. He retired at 35. I actually know a few people like that and yes they are comfortably set for life.

    Did Yahoo buy GeoCities ... is that why there are offices in LA?
     
  15. D_Fiona_Farvel

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    Ya know, I was just there and would see it everytime I would drive to Target or Fry's. It is a shame, but being so close to Bob Hope an airport related company could probably easily take over the space.


    He was lucky! No one really does that anymore outside of a few places. I understand Intel is still really generous with their engineers specifically.

    I believe the Pasadena office ran the dating and social network portion. There was another company they absorbed/bought/took over?
    They also do customer service for their yahoo stores customers and other customers from these offices. Some HTML and programing used to be there, but I think it moved?

    I know someone who used to work there took a job at lfp in ventura co., so I am pretty sure that was a need a job thing because programming relocated. They are a pretty secret company, the employees are not really allowed to say much, but they are one of the easiest to get hired.
     
  16. earllogjam

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    Don't you think this layoff thing was just bound to happen? I mean look at the Dot com bust in Multimedia Gulch in San Francisco. It's just happens when you grow too fast too soon with other people's money and not earning any. I'm led to believe the market capitalization of Yahoo! is more a reflection of speculation rather that their actual earnings.

    Yes, I checked - Yahoo bought GeoCities, based in LA in 1999. Ivaguely remember it as a well known popular "people" networking site.
     
  17. B_Marius567

    B_Marius567 New Member

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    Thats good :):) maybe I can find a girl friend who needs a man with a job :)
     
  18. D_Fiona_Farvel

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    I think you are right.
    I was a "dot bomber", nothing like watching your stock turn into doo doo... and yes, I believe it is bound to happen with most of these companies.

    One of the issues with internet and new media industries is that they are not based on anything tangible. Their earnings are based on a public that is, at best, capricious. So, one year they predict higher earning than ever coming, and then the next year a competitor does your thing better and then the bottom falls out.

    The exceptions are companies that cater to these businesses, like processors, or those who develop an actual product, like software. The companies who process transactions and those that develop security software, or even freelance database specialists (sql gurus) will be in demand for awhile. Everyone else is completely expendable.

    Haha!
     
  19. JustAsking

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    I tend to agree with you mostly, chocko. I run an Internet company that is still in its startup phase, but doing ok. We have a solid piece of software that goes into businesses which alone would be a good product. But it is also richly integrated into heavy business logic on a consumer oriented website.

    On the other hand, you cannot underestimate the power of something like Google. I think Google has become a extra lobe on many people's brain.

    I didn't realize how powerful Google was until one year they mentioned that their most popular search phrase was just one word: Amazon.

    I didn't get the importance of that until I realized that most of the Internet users actually type something into Google instead of using bookmarks or typing the whole URL in the address bar. That translates to the fact that most of the eyeballs on the Internet look at Google at least once per day.

    That is surely not vaporware. It is an entire change in human culture.
     
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