Yahoo! to cut 10% of workforce on the back of disappointing results

Oct 22, 2008 | Uncategorized

Yahoo! has announced that it is to cut 10% of its staff (over 1,500 people) following poor quarterly results, writes vnunet. Q3 profits were down 64% to $54.3m, compared to $151.3m in 2007. The firm now hopes to save $400m through the redundancies and other cost-cutting exercises. From vnunet: http://www.vnunet.com, 22/10/2008 Yahoo! UK: http://uk.yahoo.com

Yahoo! has announced that it is to cut 10% of its staff (over 1,500 people) following poor quarterly results, writes vnunet. Q3 profits were down 64% to $54.3m, compared to $151.3m in 2007. The firm now hopes to save $400m through the redundancies and other cost-cutting exercises.
From vnunet: http://www.vnunet.com, 22/10/2008
Yahoo! UK: http://uk.yahoo.com

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