There’s little debate that two of the most well known names in internet business are Google and Yahoo. These internet titans proved recently, however, that even they aren’t immune to layoffs, cutbacks, and employee shakeups.
For Google, this means they will be saying goodbye to David Rosenblatt. The former CEO of DoubleClick, Rosenblatt had been at Google less than a year before calling it quits. Rosenblatt hasn’t announced his next destination yet, but the fact that Google appears to be having trouble holding onto key creative players should cause people to pause and ask if things at Google are as rock solid as they appear from the outside.
And Yahoo isn’t faring much better. They have instigated some sizable cuts to their staff, giving the dreaded pink slip to about 600 employees. Although Yahoo projected 680 cuts in its first quarter reports, there’s still little doubt that following through with layoffs is far worse than simply projecting layoffs.
Morale, therefore, at both companies is sure to be at an all-time low, which puts them squarely in line with just about every other layoff-ridden, profit-decreased company out there right now.