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Dec162010

Carol Bartz’s Internal Memo About Layoff’s at the Silicon Valley

A copy of Yahoo!’s internal email from CEO Carol Bartz to staff about the employee layoffs at the Silicon Valley Internet giant leaked yesterday.

“The 4% of employees who loses their jobs will receive 2 months severance pay and a bonus, as long as they don’t talk about the package with anyone other than family. Checking the math, 4% of the company’s 14,000 workers should equal out to at least 560 job cuts, though “about 600” and “about 650” are two other figures that have been reported.

The London office wasn’t spared, as 77 people on the product team will lose their jobs, leaving mostly sales and editorial staff,” SAI reported.

Here’s Carol’s email:

[Source: 1, 2]

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