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Yahoo Sets Up Shop In Times Square For Its 500 New York Employees (But Not The Tumblr Team)

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Today has been quite a roller coaster ride for Yahoo — the company put days of reports and rumors to rest this morning when it confirmed that it would acquire the social blogging platform Tumblr for $1.1 billion, and now CEO Marissa Mayer has confirmed that Yahoo’s New York employees will now be moving.

They’ll all soon be working right around the corner from Times Square in the same building that used to house the New York Times (229 West 43rd Street, to be more specific).

The move is meant to unite the nearly 500 Yahoo employees that are currently split among three existing locations in New York City, though Mayer made it very clear that the newly acquired Tumblr team wouldn’t be folks roped into working out of the central office — David Karp and the rest of the team will continue to work out of their 10th floor office near Gramercy Park. This whole thing is reminiscent of Mayer’s edict that saw the end of remote working for long-time Yahooligans. In a memo issued by Yahoo human resources head Jackie Reses back earlier this year, it was revealed the brass though that “speed and quality are often sacrificed when we work from home.”

While that’s unlikely to be the case here, Mayer has shown herself to be a vocal proponent of the sort of work that can be done by bringing employees together, and it seems the Yahoo New York team is only slated to grow from there. Just before New York City Mayor Michael Bloomberg took the podium to deliver a few remarks, Mayer noted that the space the team will soon move into can hold an additional 200 or so people, and a post on the official Yahoo Tumblr account (that was fast) indicated that the company wants to pump up its New York staff “by up to 60 percent.”

Of course, this isn’t the only news that Mayer and company have in store for us this evening — some prominent Flickr signage means that there’s some product news in the pipeline as well.

UPDATE: Mayer just pulled back the curtain on the new and improved Flickr, and it is awesome.