Yahoo CEO Jerry Yang to underlings: Chillax!

BY SDH Yahoo Founder turned CEO Jerry Yang joins the club of clueless CEOs who are totally out of touch with concerns of the little people that drive the engine of the ship they steer. Yahoo! employees are understandably worried about what will happen to them with major job cuts on the horizon. And if that wasn't enough, here comes Microsoft with a fat offer to take over the company. So are Jerry Yang and his number two Sue Decker Naive? They aren't worried about job cuts, because they are the ones doing the cutting, or at least ordered it. They aren't worried about what will happen to them if they do take Microsoft's money and run, because they will benefit from any sale financially. So what do we have to say to the poor bastards at Yahoo! awaiting their fate? Launch a “hire us” campaign aimed at Google. They are growing and hiring out the wazzooo! Oh yeah while you're at it, thank Terry Fucking Semel Yahoo! employees were already in a serious state of unrest awaiting word on the number and nature of layoffs leading up to last week's earnings call, where it was revealed that 700 people would be let go as part of the company's turnaround efforts. "Now they are in a complete state of turmoil, wondering if there are going to be a bunch more cuts since a lot of Yahoo!'s operations overlap with Microsoft's," said one source who has spoken with Yahoo! employees since the Microsoft offer emerged. YAHOO! WHINERS [NYP]

Bertelsmann still trying to figure out what to do with it's book club business

-SDH We are kinda late on this one, but we have an excuse, we were down for a while trying to figure out if we still wanted to do this shit. However after many emails from ticked off readers who demanded we resume publishing here we are. Anyway, as if folding it's Bookspan book marketing business into it's DVD/Video marketing business resulting in massive layoffs wasn't enough, German media giant Bertelsmann is now throwing the recently combined companies into the Random House box. We don't know if this is some kind of attempt to find another reason to roll heads or reduce divisions, but the businesses do go well together. Hey it's all in preparation for the coming of Hart Ostrowski in approximately 16 weeks. BERTELSMANN'S CLUBS GO TO RANDOM HOUSE [NYP]