reddit

“A tipster tells us that Yahoo plans to cut 3,500 jobs, chiefly in sales and finance, on December 10 — while keeping plans for a multimillion-dollar holiday party days before the cuts:

I work in the finance org at Yahoo and have learned that the layoff date is Dec. 10. Finance will be cutting 50% of the workforce, engineering 10%, and sales and the rest of G&A [general & administrative] 25%. The company sent an invitation today for the annual holiday party on December 6 (four days before the biggest downsizing in the company's history ~3,500 jobs). The holiday party is held at the San Mateo Convention center with a Las Vegas gambling theme. [It will] cost millions of dollars. Where is the fiscal responsibility?” source...