For a company that has seen growth in the past seven years, it's not surprising that Y! is letting go some of the fat. It's sad to hear about cutbacks, but it's a necessary part of any company that has continued to grow as they have.
Nepotism, rush hires, more nepotism, bureaucratic factions, failed initiatives and redundancies, etc. Every company will eventually slow down and need to "shed a little", similarly to the current recession after years of economic growth—especially in real estate and technology.
And each day, I'm sliding towards the Dark side, losing m' humanity. Yes, I am slowly becoming a capitalist pig / whore.
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