New Yahoo! CEO Purges 2000 Employees

The newly appointed CEO of Yahoo! Scott Thompson, has just given the pink slip to 2,000 employees, in a bid to salvage the company. One doesn’t feel “safe” working in a private company these days, unlike government jobs where employees are deemed to have “steel rice bowls”.

The internet is a very fluid economy. Now we see it, now we don’t. Yahoo! used to be THE site we all use. Now it’s Google and also Facebook. How long can Yahoo! stand the heat? They need to revamp the entire site and not clutter it up.

Google and Facebook used to be minimalists but not anymore. I don’t like them as much anymore. What about you?

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