Yahoo’s CEO Carol Bartz released a memo on Dec. 14 to explain the rationale behind the company’s most recent layoff plans. Yahoo, based in Sunnyvale, Calif., announced on Tuesday that the layoffs will cut four percent of its work force.
In her memo, Bartz calls the layoff plans a "tough call."
Duplication in work, decrease in non-core projects, and a limited cost plan for Yahoo’s products group; which manages news, financial, and email pages led Yahoo to the decision, she says. Bartz emphasizes that the cuts are not simply meant to save costs, but also to help Yahoo focus its strengths, "like email, the homepage, search, mobile, advertising, [and] content."
“It’s never easy to say goodbye to [the] Yahoo we know and work with, especially before the holidays," wrote the CEO in her memo. "Please know that we’re helping those affected with severance pay and benefits, plus services to help them find other jobs."
As of September 2010, the company had 14,000 employees.
Yahoo told Reuters that about 600 of its employees had started to receive notifications on Dec. 14 telling them they've been laid off.
The entire memo can be seen on [Kara Swisher's blog at All Things Digital ].