Add another name to the list of Yahoo employees defecting to Microsoft. Dayne Sampson, Yahoo’s VP of Operations for Search and Advertising, has fled the company for its former suitor, Microsoft confirmed to Digital Daily.
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If Yahoo employee defections to Microsoft continue apace, there may come a day when Redmond will no longer need to buy the struggling company’s search business. It will already have acquired it. This week yet another Yahoo alum joined Microsoft: Jan Pedersen, a former chief scientist and VP in the company’s Search and Advertising Technology Group.
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Apparently, fear of a deepening recession alone isn’t enough to maintain tech worker loyalty these days–mounting job losses be damned. This week, Google repriced millions of employee stock options that had gone underwater as the company’s share price declined. Now eBay hopes to do the same. The reason: employee retention.
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If no mention of layoffs was made during IBM’s reporting of its fourth-quarter results it’s not because the company hadn’t been planning them. IBM sent layoff notices to a number of employees last week–just one day after reporting a 12 percent gain in fourth-quarter earnings and issuing an encouraging financial outlook for 2009. And according to reports, the company is eliminating about 2,800 jobs in North America–mostly in its sales and software units.
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Weakening economic conditions have forced Dell to add a new benefit to its already tenuous employee salary packages: a week of unpaid leave. In an effort to “better position the company for long-term competitiveness,” the company is asking workers to consider taking five days off without pay–the theory being that five days off without pay is better than six months off on unemployment in a lousy economy.
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The hammer has fallen at eBay. This morning the online auctioneer sacked about 1,000 permanent employees and a few hundred temps, about 10 percent of its workforce. That’s a bit less than the 1,500 workers for whom the company was rumored to be writing up pink slips, but it’s substantial just the same.
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Astonishing. The average prole spends more than 25 percent of his or her time online at work on personal activities. That’s the word from IT consultancy Voco, apparently having just discovered that the Internet, which essentially puts a concert hall, movie theater, TV, brokerage firm, shopping mall, garage sale and family/friend gathering on every employee desktop, can be–gasp–a distraction in the workplace.
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The word “Nintendo” literally translates as “leave luck to heaven,” but another translation might be “leave luck to your employees.” Because Nintendo’s are among the most productive in tech. In fact, the average Nintendo worker earns more for the video game maker than average Google or Goldman Sachs workers earn for their respective employers.
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Shareholders suing Yahoo’s board of directors for its alleged mishandling of the Microsoft buyout offer may find their efforts to pull the company’s controversial severance plan something of a fool’s errand. Because according to a new company filing, their chances of forcing Yahoo to scrap the plan are about as good as their chances of forcing CEO Jerry Yang to use capital letters in his all-hands memos just like a big boy.
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Well, that was fast. Yahoo has issued a reply to Carl Icahn’s latest missive. Terse and caustic, it doesn’t really add much to the “conversation” between the two parties. Yahoo’s message to Icahn: You don’t have a credible plan to operate Yahoo either.
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