More Yahoo layoffs on the way
The Business Insider reported that, on Yahoo's conference call for its Microsoft search deal, CEO Carol Bartz confirmed that some jobs will be cut as a result of the deal. However she didn't specify as to how many would be laid off.
The cuts won't come overnight, since there's a huge, messy integration process ahead. However, many Yahoo search employees will be offered jobs at Microsoft.
Following are the paraphrased notes from the call:
8:59: Bartz confirms more layoffs, someday: Many Yahoo search employees will be asked to take jobs at Microsoft. There will also be search employees who we'll ask to help on display side of business. And then, unfortunately, there will be some redundancies, so that's the third bucket. Transition over the next 2.5 years. Virtually nothing will change until we get regulatory approval (early 2010), 24 months for transition. Yes, there will be redundancies, but it's in the future. Number? Still in the planning.
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