The entire Yahoo Design Innovation Team, aka yHaus, has been axed en masse, Portfolio.com has confirmed with one of the team’s former members.
“Yahoo Design Innovation team has been shut down completely,” wrote Doug Fritz, a former full-time staffer for the team, in an email.
The team had been working on next generation design projects. This week, more than 1,000 Yahoo employees have been let go as the troubled Web portal struggles to cope with operating costs that are rising much faster than revenue is growing.
The layoffs mean the end of a font of design innovation at the beleaguered web giant, which is currently trying to fend off a hostile takeover bid by Microsoft. (more…)