SUNNYVALE, Calif. - Yahoo! plans to close its U.S. offices during the final week of the year, a cost-cutting measure that will require most of the Internet icon's 10,500 workers to use their vacation time if they want to be paid for the time off.
It will mark the first time in Yahoo!'s 11-year history that its U.S. employees have been required to burn up vacation time during the week between Christmas and New Year's - a traditionally slow period for most businesses outside the retailing and hospitality industries.
"Taking a little time off during a work week when so many of our partners and advertisers are also closed is the prudent thing for Yahoo! to do," Libby Sartain, the company's senior vice president for human resources, wrote in a Sept. 21 e-mail posted on Valleywag.com, an online site devoted to Silicon Valley gossip.
Contacted yesterday, Yahoo! spokeswoman Joanna Stevens confirmed the e-mail's authenticity as well as the company's closure plans. "This will make sure everyone has time to recharge their batteries," Stevens said.
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