No More Layoffs? Yahoo!
Yahoo! CEO Carol Bartz spoke with a group of reporters following the company’s press conference, discussing the end of layoffs, the Microsoft deal, the Yahoo! Newspaper Consortium and Yahoo!’s role in enterprise business, paidContent reported.
On layoffs:
We have no more layoffs; we’re done. That’s it.
On the deal with Microsoft:
Everybody wants what I call a “pre-Lehman deal.” They want the world. I was focused on three things from the Microsoft deal: I wanted ongoing revenue, which is important to funding our strategy; if I’d have gotten the money upfront, every $1 billion gives me $3 million in interest income.
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