Yahoo: We're Not Shutting Down Yet! (YHOO)

Peter Kafka | June 24, 2008 8:08 AM

yahoo ad.jpgYahoo wants you to know that the company has not, in fact, curled into a fetal position. In particular, it wants you to know that contrary to our reports, it hasn't stopped hiring. Proof? A new ad campaign which leads surfers to a page offering 696 jobs.

Our tipsters tell us that Yahoo (YHOO) isn't likely to actually fill those positions right away -- the almost-total hiring freeze we've been talking about is supposed to be in place through mid-July -- but point taken: The company is not, in fact, shutting down.

In fact, some Yahoos tell us, life at Sunnyvale hasn't changed much for the rank-and-file in the last few weeks. But what about the flood of executives pouring off of campus? Surely that must change your workday, right? "If we didn't read the blogs, we wouldn't know anything unusual was going on," one dutiful engineer tells us.

And while we're playing contrarian for the moment, here's another perspective on the Yahoo mess -- Google execs aren't happy either, a Valley bigwig tells us.

So there you go, Yahoos: Things could be worse. Thus ends our pep talk for the morning.

See Also: Yahoo Hiring Freeze: Confirmed And Explained
Yahoo Cost Freeze Means Business Likely Weak

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16 Comments

Neek said:
The first indication of a company shutting down is said company denying they're shutting down.

So what if Google employees constantly bicker with each other? Intel engineers and Microsofties do that a lot too.

But they're not in trouble hemorrhaging employees/execs are they?
stone said:
Yahoo isn't close to shutting down but they are close to ending their run as a growth stock. That will kill innovation and excitement and make it harder for them to recruit great talent.
Cazare Busteni (URL) said:
I am not sure how much this counts but searches on Yahoo are as low as posible, compared to Google. At least in Romania, where I reside. Only 5% of searches are made on yahoo.
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I hope that Yahoo really isn't closing down... because the Search and Ads need to have more players... Google cannot rule without competition...
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darwin (URL) said:
640-802 Yahoo: We're Not Shutting Down Yet! (YHOO) That eases my mind. What's it to you!
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