Wednesday, January 30, 2008

It's Official, Yahoo To Lay Off 1,000 Employees

On the 22nd of January we reported that Yahoo was planning to lay off hundreds of its employees, we now know that number is 1,000. This is according to a statement by Yahoo's CEO Jerry Yang. It is unknown which divisions of the company are going to be hit the hardest, only time will tell. It's quite sad but a reality and hopefully this can help the company head in the right direction. 
With Google being Yahoo's main competitor it surely is not a simple task for Yahoo to continue growing at a high rate. Best of luck.

2 comments:

Nice said...

profits were down and this may be a good move. Maybe their employees will start working a bit harder now that they know their jobs may be on the line. But of course no person would like to see a loss of jobs, unless its your competitor. Google is a beast.

Anonymous said...

not a big deal, happens all the time. look at the american car companies