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SOFTWARE INDUSTRY NEWS |
Yahoo! closes for the holidays |
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Internet firm Yahoo! has announced that it would shut all its offices from Christmas through New Year's Day in a bid to cut costs. However, it would be business as usual for “essential tasks” such as customer support. Yahoo! has made cost management a priority this year, laying off almost 700 employees during spring and ending duplicative products. Yahoo's employee headcount at the end of the third quarter of 2009 was 13,200, with its campaign against costs helping offset a 12 percent drop in Yahoo's revenues during the first nine months of this year. The Wall Street Journal said that the internet firm would close all but some of its “essential functions” for the holidays. Reports quoted Yahoo spokeswoman Dana Lengkeek as saying that the worldwide shutdown was a first for the company, which made more sense during a “traditionally slow week” since it allowed the company to reduce operating costs for the week while most of its 13,200 employees used their vacation time to recharge. She was reported as saying that Yahoo's US employees could use the vacation time or take unpaid leave for the days not covered in the holiday schedule, while for employees outside the US "time off will be paid consistent with local standards and laws." Other companies known to announce similar holiday practices for the holiday season include Adobe, HP and Apple. |
LISTS AND RESEARCH
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Global Software Top 100 - Edition 2011
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CRM companies: a short list
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- Top software companies in the US (2010)
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- U.S. software industry trends (2010)
- A research publication discussing the trends and the key players in the software industry in the United States. Posted 15 December 2010.
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