Yahoo to Lay Off 1,000 Employees
Going Like Sixty — October 21, 2008 — Pop Culture
References: venturebeat
One of the best brands on the web, the one with the most memorable name, Yahoo.com, may be on the verge of extinction. Back in February, Yahoo had already layed off about 1,000 people, but now there are reports that they may lay off over 1,000 more people. Yahoo has been on the market to be purchased for months.
Yahoo had the search market and the portal market cornered until an upstart called Google came along and shoved them aside. Call it Karma, if you like. As it almost always happens in business, Yahoo first became popular by shoving aside AOL.com.
Yahoo had the search market and the portal market cornered until an upstart called Google came along and shoved them aside. Call it Karma, if you like. As it almost always happens in business, Yahoo first became popular by shoving aside AOL.com.
Trend Themes
1. Technological Disruption in Internet Search - The rise of Google as the dominant search engine disrupted Yahoo's market position, creating opportunities for innovative search technologies.
2. Job Market Challenges in the Tech Industry - The layoff of over 1,000 employees at Yahoo highlights the credit crunch impact on Silicon Valley, necessitating new approaches to talent management in the tech industry.
3. Mergers and Acquisitions of Tech Companies - Yahoo's ongoing search for potential buyers showcases the potential for disruptive innovation through strategic mergers and acquisitions in the technology sector.
Industry Implications
1. Internet Search - The evolution of search technologies presents opportunities for disruptive innovation in the internet search industry.
2. Tech Employment and HR - The layoff scenario at Yahoo highlights the need for disruptive approaches to talent management and HR practices in the tech industry.
3. Technology Mergers and Acquisitions - The potential purchase of Yahoo emphasizes the disruptive innovation opportunities arising from strategic mergers and acquisitions in the technology sector.
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