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Zagat the restaurant reviewer lays off 19 employees

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2008-12-05 03:22:12 by Shoaib Hashmi in Startup Meme
...employees , which is 14% of the overall workforce. Earlier this year, Zagat tried to put itself on sale but couldnt meet the desired value of $200 million. Last June the company gave up on the sale and now its focusing more on developing mobile products Related Articles at Startup Meme CNBC also to fire employees Marci Alboher wrote about...
 
 
 
 
 
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Video sharing site Break.com fire 11 employees

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2008-10-24 09:01:08 by Shoaib Hashmi in Startup Meme
...employees. This was announced by Breaks CEO, Keith Richman. Once considered as YouTubes competitor, the site now is more considered to be male specific Laying off employees seems to be a trend these days. If you are a company who is growing with a rate of 100% per year, would you fire your employees? Maybe you wont but Break.com did it. The...
 
 
 
 
 
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Yahoo outlines golden parachutes for employees

2008-02-19 23:24:00 by Dawn Kawamoto in Webware.com
 
...employees Tuesday, in a filing with the Securities and Exchange Commission . The filing outlines two change-in-control severance plans, should the Internet search pioneer find itself under new ownership, aka Microsoft Yahoo, which is facing an unsolicited buyout bid from Microsoft , will offer both full-time employees and executives anywhere...
 
 
 
 
 
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Google to Layoff 300 DoubleClick Employees, Sell Performics

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2008-04-03 19:41:25 by Ashley in CyberNet
...employees at the company When they were acquired, their total work force was about 1,200 people, so the layoff involves about 1/4 of their employees. While this is unfortunate for those employees, its not an unusual move for a company to make. In a statement, Google says Since our acquisition of DoubleClick closed on March 11, we have been...
 
 
 
 
 
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Is Facebook Letting Employees Cash Out?

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2008-08-04 15:45:00 by Peter Kafka in Silicon Alley Insider
...employees are in an enviable position: Each of them owns a small piece of a company that's worth billions of dollars, which means each of them is looking at the prospect of a windfall -- one day. But until Facebook sells or goes public -- and neither prospect looks imminent -- it's hard for them to do much with their paper wealth Solution:...
 
 
 
 
 
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Employees unloading stock options? It's the hot new thing

2008-08-05 19:19:00 by Caroline McCarthy in Webware.com
 
...employees to sell a delineated portion of their common stock , something that the company confirmed on Tuesday Now, VentureBeat's Eric Eldon, who also originally reported the Facebook tidbit, says that LinkedIn employees are going to have the option of doing the same . The business social network, Eldon wrote, is allowing current employees to...
 
 
 
 
 
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Facebook in hot waters as employees peel stocks

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2008-08-07 09:24:50 by Sardar Mohkim Khan in Startup Meme
...employees allowed cashing in on 20% of their stock options at a valuation of $4 billion but Business Week has come out with more information about the transactions that are already taking place. Among them are the names of, founder Mark Zuckerberg and executive Matt Cohler who recently called it quits on Facebook It adds Laurence Albukerk...
 
 
 
 
 
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Note to Employees: Dont Criticize Your Employer On Facebook, You Might Get Fired

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2008-11-03 18:53:22 by Rodney Rumford in FaceReviews: Facebook Applications Reviews and Facebook News
...employees who were part of a Facebook group that criticized the airline and its passengers. The 13 employees supposedly spent most of their time on Facebook The staff members slammed the airlines maintenance records on Facebook. They also criticized passenger hygiene. They called some passengers smelly and annoying. This is not very smart...
 
 
 
 
 
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How To Lay Off Employees (And Not Get Sued)

2008-11-25 18:00:00 by Nicholas Carlson in Silicon Alley Insider
 
...employees to sign a waiver or release promising not to sue, but be careful giving them deadlines. The OWBPA Act stipulates that if an employee is over 40, they get a minimum of 21 days to consider signing the release and another 7 days to change their mind after they do. If a company cuts a group of employees, each employee gets 45 days to...