Featured Articles

HP Stream is a Chromebook killer priced at $200

HP Stream is a Chromebook killer priced at $200

We have been hearing reports of a new breed of affordable Windows notebooks for months. It is alleged that a number…

More...
AMD Radeon R7 SSD line-up goes official

AMD Radeon R7 SSD line-up goes official

AMD has officially launched its first ever SSDs and all three are part of AMD’s AMD Radeon R7 SSD series.

More...
KitKat has more than a fifth of Android users

KitKat has more than a fifth of Android users

Android 4.4 is now running on more than a fifth of Android devices, according to Google’s latest figures.

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 30 January 2008 11:51

1,000 workers to be dumped from Yahoo!

Written by David Stellmack

Image

7 percent reduction following profit decline


Yahoo! Inc.
will reduce its workforce by 7 percent, laying off over 1,000 workers due to a 23 percent decline in its fourth quarter profits, according to a conference call held earlier Tuesday.  Yahoo! Founder, Jerry Yang, indicated that the reductions were necessary.

This will be the biggest layoff in Yahoo! history since they gave over 650 workers their walking papers during the dot com bust several years back. Yahoo! didn’t indicate which areas the staff reductions would come from, but said that more details would follow in the mid-February time frame.

Those workers who are losing their jobs will (literally) not be saying Yahoo!

Last modified on Wednesday, 30 January 2008 11:58

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments