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Full Text of Yahoo CEO Marissa Mayer’s Letter to Yahoo Employees re Sale to Verizon

As we reported earlier today, Verizon has acquired Yahoo for nearly 5 billion dollars. You can read more about that here. However here, below, is the full text of Yahoo CEO Marissa Mayer’s email letter to Yahoo employees announcing the acquisition.

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Smartphones + Mobile Apps + Adaptive Workforce = Gig Economy

Are you part of the new so-called ‘gig economy’? If you don’t know what the gig economy is, probably not, but even if not, you almost certainly know someone who is. According to recent statistics, 16% of the American workforce is working in the gig economy – that’s nearly 1 in 5 people. And at least one pundit factors smartphones and mobile apps into why the gig economy is growing.

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Employees Hurt by Illegal Non-Poach Agreement Between Apple, Google, Intel, IBM, eBay, Microsoft, and Others to Get Day in Court

Employees of more than a dozen high tech giants were subject to a secret agreement (see the smoking gun documents) between the companies to not poach each other’s employees. The deal, labelled “Techtopus” by journalist Mark Ames, included Apple, Google, Intel, Adobe, Dell, IBM, eBay, Microsoft, Comcast, Clearchannel, Dreamworks and Pixar, and British public relations company WPP (which stands for Wire and Plastics Products – they started out as a manufacturer of shopping baskets).

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Yahoo Lowers the Boom on 2000 Employees with Massive Lay-Off

Yahoo’s newest CEO, Scott Thompson, announced today the laying off of 2000 employees. According to Thompson, the layoffs will save Yahoo $375 million a year. Hrmmm, we think we see part of the reason that Yahoo is losing so much money.

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Facebook Does Right by New Parent Employees with 4 Month Paid Parental Leave

We seem to most often find ourselves complaining about Facebook, so when we heard about their parental leave policy for employees, we just had to give them a pat on the back. Two thumbs up, even, for being a forward-thinking employer that gives any new parent – female or male, birth or adoption – four months of paid parental leave.

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Microsoft Caught Stealing Apple Employees

Microsoft announced some time ago that it was going to set up Microsoft stores, similar to Apple’s highly successful Apple store. But it seems that Microsoft doesn’t think that imitation is the only form of flattery. Apparently actually poaching Apple’s employees to run the new Microsoft stores is right up there too.

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Employees Spend at Least an Hour a Day on Personal Email

A study has found that as many as forty-percent of all workers in the United States, the United Kingdom, and Germany spend at least an hour a day on personal email, while at work. And most of the rest spend at least half an hour a day.