It’s kind of a bad time to be working at Yahoo! It’s tough times working at a job board these days too. So, you’d think working at HotJobs, a job site owned by Yahoo!, would be doubly bad, right?
Not quite, says a source close to the organization.
Yahoo! spokesperson Kim Rubey wouldn’t reveal how many of the 1,500 job losses affected HotJobs directly. In fact, she didn’t really say much at all except that they’re constantly evaluating the business and looking at ways to improve … blah, blah, blah. We’ve heard it before.
The real deal usually comes from those not-so-official. According to our source, “A few sales managers were cut, under five, and about 10 reps were cut in west and east coast offices.” In an organization of “roughly 300,” in an economic environment that’s oh-so-unfriendly and at a parent company with a bad case of the Mondays, this is pretty painless.
Additionally, our source said some of those laid off – if not all – received a nice parting gift of 6 mos. in severance. It really is the season of giving in some corners of the world.
Why the lack of layoffs? According to our source, HotJobs is one of the darlings at Yahoo! “Directors and major sales managers were sent to Sunnyvale recently where they apparently were told by executive management that, across all business units, HotJobs operates on the biggest profit margin. Again I don’t know how accurate that is, but I can believe it.”
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