Valleywag on the airwaves at Yahoo all-hands
Why did Yahoo's Gary Gale Twitter about a Wi-Fi network labeled "Valleywag" at Yahoo's quarterly all-hands meeting? If I worked for the New York Times, I'd give you all some blah-blah-blah about how we don't discuss our reporting methods. But I run a gossip rag, so I'll just play coy. We did gather that Yahoo CFO Blake Jorgensen was asked about the company's pending layoffs of 10 percent of the workforce.Yahoos at the meeting were told that the job cuts would come after Thanksgiving. And the severance? Jorgensen said the company would "do right by Yahoos" — and referred to the legally mandated notice period required by the WARN Act. Translation: Yahoos will get 60 days' severance, because it's the law. Oh, and there's no point in cancelling the holiday parties, because they've already been paid for. After the all-hands, Gale and other Yahoo employees proceeded to an Oktoberfest party.