Yahoo To Cut Costs With Weeklong Shutdown
December 22, 2009 at 6:11 AM (PT)
YAHOO is shutting down its offices from DECEMBER 25th through JANUARY 1st, except for "essential functions," in order to cut costs during the recession. YAHOO spokeswoman DANA LENGKEEK told THE WALL STREET JOURNAL that the move is the company's first mandatory world-wide shutdown, although YAHOO has encouraged U.S. employees to take the week off in the past.
Shutting down "during a traditionally slow week allows employees to recharge, and the company to reduce operating costs for the week," said LENGKEEK. U.S. employees can use vacation time or take unpaid leave for the days not covered in the holiday schedule, she added. Outside the U.S., "time off will be paid consistent with local standards and laws."