Hong Kong Tech Phooey

a tech junkie from Hong Kong

Memo of the Day – Yahoo Layoff Memo

Received/read any layoff memo from your CEO lately? The following from Yahoo’s Jerry Yang to his Yahoo staff worldwide.  Yahoo just announced a world-wide layoff which would tally up to 10% of their workforce.

From: Jerry Yang
To: “all-worldwide@yahoo-inc.com”
Date: Tue, 21 Oct 2008 14:20:21 -0700
Subject: update

yahoos,

i feel it’s important for me to reach out to you after our earnings announcement, and before our all hands meeting tomorrow.

we as a company have been through a tremendously challenging year; and managing the increasingly turbulent global advertising climate has been an important focus for the last three months.

throughout the first three quarters of 2008, we have been balancing between investing in our top priorities, and managing our cost structure. beginning in september, with the help of Bain & Co., we initiated a series of steps to determine how we can become more efficient and productive as an organization.

we heard from you through the YEES survey, and through your suggestions on backyard, and we’ve identified many areas that we all feel we can improve upon. our productivity efforts, based in part on what we heard from you, will involve initiatives such as streamlining our organizational structure through reducing layers and increasing spans of control, and eliminating redundancies. longer term structural efficiencies include consolidating facilities, improving procurement, and standardizing our global technology platforms.

today as part of our q3 earnings release, we said that our goal is to reduce our current annualized cost run rate of roughly $3.9 billion by more than $400 million before the end of 2008. we are targeting non-headcount expenses wherever possible, such as facilities and outside services. however, because compensation expenses are the single largest part of our costs, we anticipate a reduction of at least 10% of our global workforce by year-end.

affected employees will be notified of layoffs in the next several weeks. we understand that hearing this news now creates uncertainty, but we are moving ahead in a way that balances speed with a clear focus on accomplishing what is necessary to set the organization up for long term success. going forward it will continue to be important for us to make the right decisions to keep our business efficient and strong.

having layoffs is very difficult, particularly in light of all we’ve experienced this year. but we don’t take these decisions lightly, and are committed to treating affected employees fairly, offering severance and outplacement services.

the steps we are taking are not easy for us as a company, but as we become more fit as an organization, decision-making will be faster and it will be easier for us all to get more done and stay focused on our strategy. these changes will also prepare us to better deal with the macroeconomic downturn. as with previous downturns, yahoo! continues to be a place where consumers turn for information and communications, and is an integral part of their internet day. as the global economy improves in the future, i certainly believe that we will be stronger and benefit from the actions we are taking now.

as always, i thank you for all you do as yahoos.

best,
jerry

Source – All Things Digital

October 23, 2008 Posted by | Yahoo | | 2 Comments

Indeed a Sad Day – 7.8 Magnitude Earthquake in Chengdu, China

Pic from Associated Press

BEIJING (Reuters) – The most devastating earthquake to hit China in three decades has killed up to 5,000 people and left as many as 10,000 injured, toppling eight schools and at least one hospital, state media said.

An estimated 3,000 to 5,000 people were killed in Beichuan Qiang Autonomous County in mountainous Sichuan province after the 7.8 magnitude earthquake hit the region during the early afternoon on Monday, Xinhua news agency said, citing the local government.

As many as 10,000 in Beichuan were feared injured and 80 percent of the buildings there had been destroyed, the report said.

Beichuan’s population is 161,000, meaning about one in 10 residents were killed or injured in the quake. The county is a part of Mianyang city, and about 160 km (100 miles) from the provincial capital, Chengdu.

Hundreds of people were buried under rubble in Shifang in Sichuan as several schools, factories and dormitories collapsed during the quake, the official Xinhua news agency said.

The death toll was expected to rise sharply as authorities and rescue teams made contact with the worst-hit areas of Sichuan, where phone lines have been cut off since the quake struck.

The quake is the worst to hit China in 32 years since the 1976 Tangshan earthquake in northeastern China where up to 300,000 died.

Monday’s quake hit in the middle of the school day, toppling at least eight schools, leaving hundreds of students and teachers trapped, state media said.

About 900 teenagers were buried in the rubble of a collapsed three-storey school building in the Sichuan city of Dujiangyan.

Local villagers had already helped dozens of students out of the ruins and five cranes were excavating at the site as anxious parents looked on, Xinhua said.

Link to full article here.

Source – Reuters via Yahoo! News

May 12, 2008 Posted by | News Related, Yahoo | , | Leave a comment

iPhone Gets Push Email – From Yahoo That Is

Also from IntoMobile,
“Well, it seems that Yahoo! has made some server-side changes to their iPhone push email system, and we’re hearing reports that many iPhone users are getting their precious email pushed to their iPhone. Go try it out, your mileage may vary.

If push emails aren’t working for you right away, try:

  • logging into your Yahoo! mobile email account and logging out
  • delete and recreate Yahoo! email account on iPhone
  • create a new Yahoo! email account
  • restore your iPhone (if you dare)”

Link here.

February 27, 2008 Posted by | Gadgets n Gizmos, iPhone, Productivity, Software, Yahoo | , , | 1 Comment

First Look – Yahoo oneConnect

oneconnect.jpg

Bet most of you instant message (IM) a lot or even on multiple platforms daily with your buddies. I for one uses meebo daily to IM my friends on MSN, Yahoo!, Google Talk, Jabber, ICQ and AIM (see my previous post on What is My Meebo). Apart from IMs, social networking sites such as Facebook, MySpace, LinkedIn and Twitter had been springing up rapidly the past year or two. Now, imagine having them all under one application.

According to Tech Digest, “(oneConnect) It’s expected to be included in Yahoo’s Go 3.0 application by June this year. I was really impressed at how slick it is, and how neatly it presents the different information from all these different Web 2.0 feeds. There’s a Pulse feature that lets you see people’s profile updates and photo uploads too.”

Sounds too good to be true, but it seems like Yahoo still having problems with Microsoft and Facebook on the inclusion of Hotmail, Windows Live Messenger and Facebook in oneConnect. Guess we have to wait and see how this all turns out but no doubt the concept is neat and the interface looks sleek.

February 19, 2008 Posted by | Facebook, Gadgets n Gizmos, Microsoft, Social Networking, Software, Yahoo | , , , , , , , , , | Leave a comment

   

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