Yahoo! Sacks 10 percent of Staff, Plans New Offices in Nebraska

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aevm

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May 18, 2007
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I'm guessing the employee morale at Yahoo is at zero right now. I've had the exact scenario happen to my employer in 2000. Layoffs to cut costs, combined with building an expensive huge building that was half-empty. Two years later the most competent people had moved to other companies without waiting to be laid off. The rest were doing a lousy job and hoping to get a severance package, not a raise or a promotion. That company's stock is down from $150 to under $1 these days.
 
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