Yahoo’s Layoffs; Tech Jobs Grow Dramatically [Roundup]

Yahoo Lays Off 2,000: Yahoo! is laying off 2,000 employees as new CEO Scott Thompson sweeps out jobs that don’t fit into his plans for reinventing the beleaguered portal/search site/content destination. The cuts represent about 14 percent of its 14,100 workers and will be felt mostly in Silicon Valley.  Amazingly, this is Yahoo’s sixth large layoff in four years under three CEOs. Dice News

IT Employment Will Grow 22 Percent by 2020: In a revision to its regular employment updates, the Bureau of Labor Statistics says that by 2020, employment across all computer occupations will increase an estimated 22 percent. Demand for software developers will be the strongest, with increases of up to 32 percent depending on the development specialty. Computerworld

D.C. Mayor Wants Capital Gains Tax on Local Tech Investments: Washington, D.C., Mayor Vincent Gray wants to change the way the city taxes technology companies and their local investors. D.C. residents who invest in tech firms or take on equity as part of their employment would be subject to a 3 percent tax on investments they hold for two years or longer. Currently, D.C. has no capital gains tax rate and instead requires equity investors to pay the regular income tax rate. The idea is to grow the number of early-stage investors who live locally while encouraging startups to remain in the city after they cash in. The Washington Post

Dropbox Plans to Hire “Hordes”: Dropbox has snagged $250 million in venture capital at a $4 billion valuation and now plans to grow beyond its user bade of 50 million. The 100-person company recently moved into an 87,000-square-foot office in San Francisco, where it plans to hire hordes of engineers and product managers. It’s already  made its first acquisition to grab personnel with experience from the early days of Facebook. The company is also forging partnerships with device makers and app developers to get its service on mobile devices and televisions. The Wall Street Journal

Square Hopes to Double its Staff: Square Inc., a startup that makes credit-card readers for smartphones and tablets, wants to double its staff to 500 this year. The rapidly growing company wants to fight off competition from larger firms, including PayPal and Intuit. The Square card reader, introduced in 2010, is now processing more than $4 billion in payments a year. Bloomberg

Google Will Double the Size of Its Oklahoma Data Center: Google will expand its Pryor, Okla., data center, adding 130,000 square feet and doubling its server capacity, and adding 50 jobs, primarily for local residents. The new building raises Google’s expected investment in Oklahoma from $600 million to $700 million. Data Center Knowledge

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