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Yahoo will lay off 20% of staff, or 1600 people

332 pointsby azovover 2 years ago

24 comments

jay-barronvilleover 2 years ago
Folks, please keep in mind that everyone doesn’t live in America. Yahoo may seem like old news for many of us Americans, but across the world, for many millions of folks, Yahoo is still a significant and well-known brand&#x2F;website.<p><i>E.g.</i>, I’m originally from Haiti. A really huge percentage of Haitians still use Yahoo for their email (specifically via yahoo.fr) and they even get a lot of their global news via Yahoo. I’ve seen the same thing apply in various African countries.
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biztosover 2 years ago
Is anybody tracking the <i>growth</i> of the staffs of these companies?<p>When I hear “NetCo lays off 10K” I wonder, does that mean they will have fewer employees than a year ago? Or is this just a blip on an overall trend of hiring?<p>This graph[0] makes it look like Microsoft, for example, is laying off far fewer people than they recently hired.<p>I would intuitively expect Yahoo to be the exception, but it would be great to see something like “…representing N% of its yearly hiring average since 2020” in these headlines.<p>[0]: <a href="https:&#x2F;&#x2F;www.statista.com&#x2F;statistics&#x2F;273475&#x2F;number-of-employees-at-the-microsoft-corporation-since-2005&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.statista.com&#x2F;statistics&#x2F;273475&#x2F;number-of-employe...</a>
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vdddvover 2 years ago
So many commenters talk about the fact that they never visit Yahoo.com, without realizing that the link shared by OP is from techcrunch.com, a Yahoo.com property. Yahoo is a lot more than services hosted on yahoo.com
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keiferskiover 2 years ago
I feel like the original “curated links” model of Yahoo search (which was supplanted by Google twenty years ago) is actually prime for a comeback. Has anyone at Yahoo commented on this?
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utopcellover 2 years ago
It seems that revenue-wise, Yahoo is growing from ~$5bn circa 2016 (Mayer times) to ~$8bn now. That is impressive.<p>It is also a bit sad to see the Yahoo buildings, which Google bought in 2019, just sitting empty and unutilized.
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zerrover 2 years ago
<a href="https:&#x2F;&#x2F;www.lycos.com&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.lycos.com&#x2F;</a> is still kicking well.
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thezultimateover 2 years ago
I hope their business will continue. I have been using my daily Yahoo! Mail account since 1997, and unlike my Gmail account which keeps complaining that I have almost used up the 15GB storage limit, my Yahoo! Mail account keeps quiet and works as usual thanks to its 1TB storage limit!
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pdntspaover 2 years ago
What the hell is Yahoo doing with the other 6400 people?
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spike021over 2 years ago
I&#x27;m really curious how this will affect Yahoo. I know it&#x27;s not used nearly as much these days in America, but in Japan it&#x27;s still fairly ubiquitous for Yahoo Auctions.
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evaneliasover 2 years ago
Also discussed earlier today at <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=34730297" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=34730297</a> (17 comments) and <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=34728990" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=34728990</a> (12 comments).
un_montagnardover 2 years ago
If you had asked me, I would have guessed Yahoo still had at least 30k employees.
outside1234over 2 years ago
Well give them credit for at least not choosing 7%
ggmover 2 years ago
They&#x27;ll be fine. Their business model can handle this. It&#x27;s opportunistic to timing, less downside PR because all IT sector worldwide is shedding, because &quot;reasons&quot; and they can avoid opprobrium by being in the same fleet.
mensetmanusmanover 2 years ago
The business and finance class is trying to wrestle back control of the spiraling wages of tech workers that threaten the existing power structure. Will be fascinating to watch this play out over the next 10 years.
smclover 2 years ago
Wow 20% - what a coincidence that after careful analysis and deliberation of what the business needs they landed on a nice, round number!
RickJWagnerover 2 years ago
I love Yahoo Finance and Yahoo Autos. I use Yahoo email. I hate Yahoo&#x27;s news page, which I find too biased politically.<p>I wish them luck. Or maybe I wish for a division of the pie, so I could more easily get at the pieces that I like. Either way, I hope Yahoo stays around.
JohnFenover 2 years ago
Every time I hear anything about Yahoo, I am amazed to relearn that they still even exist.
seydorover 2 years ago
I m going back to altavista
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bastardoperatorover 2 years ago
Of course they will, they have to copy what everyone else is doing.
snickerbockersover 2 years ago
Pretty wild that this happened to Twitter before yahoo.
vcryanover 2 years ago
So cool to hear that Yahoo still exists!
m3dranoover 2 years ago
Yahoo! Finance is a pretty good product.
MrPatanover 2 years ago
Actual news: Yahoo not dead yet
killjoywashereover 2 years ago
Am I doing the math right? Yahoo is still employing 2-3x as many people as GitHub? Surely GitHub has more impact.
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