It appears that the current fallout is making its way into Facebook and already has the management biting nails that has to cater to a $400 million sum in annual costs. These include salaries for employees along with other expenses. However with its new design not really getting that much of a flare and ad publishers in no mood to take risks, Facebook is bound to have some tough time.
The result may not be directly booting employees to reduce costs (and I am being very optimistic here) but it will definitely freeze any sort of hiring. Apart from that there can be stricter rules to follow and a slight error may very well have an employee shown the door.
Whatever the case be and no matter how quietly Facebook carries on its proceedings, news will make its way out for us to talk about.
[Via Valleywag]
People always hate to talk about when they are laid off. But as it has become every day’s news headline since Yahoo started it with cutting 1500 of its task force last year, now a need of platform has been in demand where people can express their selves in words how they are feeling about their company, whey the got laid off was that justified or not. And every thing they want to tell anonymously.
And http://www.layoffgossip.com is providing you that platform.
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I have a very close friend, who graduated from Harvard. Worked for ML for over 8 years, last year he’s laid off too. OMG, now the banking industry is badly hurt, how long it would take for those financial background like him get back to the job market. Banking jobs are not there as much as before as easily seen on http://www.joboutlets.com and other job sites in the region
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