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The financial crisis hits home – but how?By Emmanuel the 22 October 2008
Category : Once Upon a Time..., Uncategorized
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22 Oct |
We had previously mentioned that the internet start-ups are particularly prone to financial difficulties because of their long Return-on-Investment (ROI) structures as well as the Capital Investments being primarily a luxurious side-effect of other successful endeavours. However when the going gets though these investments tend to be quickly cut, reduced or “restructured”.
The news about the decrease of advertising revenues is our daily bread already but now the first internet-initiatives are looking at reducing staff, like Wikia announcing to lay-off 10% of their staff! These news are hard to accept when they relate to you but this is the real deal when trying to survive among this shark-pool of economies. But how do you tell your staff that their days are counted? Check out how Jerry Yang, fonder of Yahoo, did it in his lowercase style here.
