Just got a quick message from one of my favorite Yahoo’s, well make that an ex-Yahoo, that Yahoo is handing out pink slips today and that friend found out they are on the list.
I’ve had a lot of non-search friends ask me how the search industry is reacting to the recession, and even though search marketers are doing well, and continue to do so, and I think if anything the recession will lead to more money being put into direct response search marketing and long term search engine optimization, Yahoo has been in the forefront after they announced layoff plans and the Microsoft takeover news.
Well, there is no force field protecting the valley from economic downturn and Yahoo just laid off 1,000 people. More on the Yahoo Layoffs via Google News.
Is it the Recession or is it Yahoo?
On the other side of the fence, CNN is reporting that many tech companies hungry for quality talent are aggressively pursuing Yahoo employees.