layoffs

Yahoo lays off 2,000 in an effort to get back on track

The internet is booming. Consumers are spending freely online, social networking services are thriving and the public markets are open for business.

But today’s internet gold rush has largely passed one of the internet’s most storied brands, Yahoo, by, and now the company’s inability to capitalize on new opportunities is catching up with it.

Digg’s demise: are VCs and founder cash-outs partly to blame?

Digg is dead. Sure, the company won’t be disappearing today,
tomorrow or next week, but to anyone who lived through the first .com
bust, the writing is on the wall: the company’s redesign woes and
yesterday’s 37% staff reduction don’t bode well for its future prospects.

For Digg to survive and thrive once again, it’s going to have to beat the kind of odds that few companies do.

MySpace’s lays off 30%, are its better days behind it?

Friendster provided the quintessential story of a hot company that rose quickly and fell even quicker. At one point, Friendster seemed set to dominate the social networking market.

Then two upstarts, MySpace and Facebook, left it battered and bruised. While the company still exists, the chances that it will ever recapture its past glory seem, to some observers, slim to none.

Microsoft joins the layoff party

It’s not the type of party that one usually wants to attend but sometimes you have to make an appearance.

Microsoft today reported disappointing results for its fiscal second quarter. Those results included an anemic 2% revenue growth from the same period a year ago – $900m less than expected.