In cost savings move, Yahoo announced this morning that effective immeditatly it would be freeze any wage hikes for the year.
All employee’s are included in the freeze.
WIth so many of its most talented people leaving the company already, one has to wonder if this is another Yahoo blunder.
It’s fine to try to cut costs, but in a highly competitive market, freezing salaries may cause Yahoo not to lose a great number of employees but some of more of their superstars.
no biggie…theres plenty of talent that needs ANY job right now
A very socialist step down the stairs to the trash bin for Yahoo.
Treating everyone the same in a large corporation is a recipe for disaster and just another bad decision by Yahoo.
Why would I work harder if I worked at Yahoo? So I can move up in the company that’s going down the tubes?
Terrible decision. Terrible.
For any IT company, the ASS-et is the people.
Without their creativity, the company will be gone sooner than later.
You think everyone works for FREE!!?
They may have seen the situation as “Folks here are not working as if they will be here long-term, so why pay them as if they will be staying long-term?”
Until they turn the tide there is a sea of unemployed folks that would probably love a foot in the door at Yahoo, which could lead to other jobs if they perform well at Yahoo.
Yahoo’s arrogance over the failed Microsoft deal backfires now. Don’t be surprised if MSFT buys YHOO for 1/2 the price they once offered.