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Yahoo’s New 3M SF Campus

October 30, 2009

Tweet Let’s see: 13, 6-story Class A Office/R&D building Phase 1 – 946,000 square feet Phase 2 – 1,168,000 square feet Phase 3 – 946,000 square feet 3, 2-story amenity buildings (gym, cafeteria, etc.) 29 acres of usable outdoor space All parking is located underground, 2-levels to be exact Architecture by RMW. This will perhaps […]

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Yahoo! To Cut 700 More

April 21, 2009

Tweet Yahoo! (YHOO: 35.81 -2.16%) released earnings today, and they fell short of expectations. In addition, the company announced that it will be cutting an additional 5% of the workforce, or about 700 people. These job cuts would be on top of the 2,500 cuts they made last year. The company has already retrenched from […]

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Silicon Valley Rent, Vacancy, and Unemployment

March 24, 2009

Tweet I was reading an article yesterday in the Mercury News about Silicon Valley rents that peaked my interest. Another broker who is often quoted, indicated that his expectation was generally that Silicon Valley wouldn’t see vacancy rates like those we saw in 2002, in which some submarkets experienced vacancy rates of 30%: ‘We don’t […]

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Yahoo!, Silicon Storage, Marvell, Opvista Layoffs

February 13, 2009

Tweet Layoffs continue in Silicon Valley, and the sentiment amongst valley leaders is that the pace will likely accelerate. In fact, according to a Bay Area Council study which was just released in the past few days, 39% of respondent executives in Santa Clara county indicated job cuts were coming while only 11% anticipated hiring. […]

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It’s Official: Yahoo! Vacating Mission College Campus

January 26, 2009

Tweet Yahoo! (YHOO: 35.81 -2.16%) is officially vacating it’s Mission College (2811-2821 Mission College) campus. They have listed the space for sublease even though there is only 1-year left on the sublease. The space is roughly 385,000 square feet and will be available on May 1. The buildings can be delivered furnished and have a […]

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Yahoo Layoffs Begin; Estimated 1500 To Lose Jobs This Round

December 10, 2008

Tweet Sunnyvale-based Yahoo (YHOO: 35.81 -2.16%) began its latest round of layoffs today. The estimate is that 1,500 employees will be laid off worldwide in this latest round. Both analysts covering Yahoo! as well as friends working for the company estimate that there are still several thousand more employees within the company whose jobs could be […]

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Adobe to Cut 600; Yahoo Layoffs Next Week

December 4, 2008

Tweet Adobe announced that it will be laying off 600 employees, or about 8 percent of its workforce. The San Jose company indicated that the job cuts will be across the board, and are attributable to a slowdown in the economy and lower than expected sales of its Creative Suite 4 product. Yahoo is set […]

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Google Scraps Yahoo Partnership

November 5, 2008

Tweet After months of working to overcome anti-trust issues, Yahoo (YHOO: 35.81 -2.16%) and Google (GOOG: 571.60 -2.69%) have called off their “strategic partnership” that would have Google selling ads on Yahoo web properties. Yahoo struck this partnership in a move following it fighting off Microsoft, which earlier this year offered $33-36 per share for […]

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Yahoo! To Axe 1500 Employees By Year-End; Consolidate Facilities

October 21, 2008

Tweet Yahoo! released its Q3 earnings numbers today, and along with it announced plans for a significant headcount reduction by year’s end. Yahoo! currently employs about 15,200 employees. What is interesting is that even before these layoffs take place, Jerry Yang, Yahoo’s CEO, left the door open for additional cuts by indicating that “This is the […]

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EBay Announces Layoffs – 10% or 1,000 Employees To Go

October 6, 2008

Tweet After a month of layoff rumors were flying around at EBay, EBay has finally confirmed them in the form of a 10% reduction in its workforce. It’s unclear where all the layoffs will occur, but given that EBay is fairly centralized in the Bay Area (unlike HP’s EDS layoff announcement), at least some of those […]

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