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Yahoo to Layoff another 140 Employees

submitted on January 26, 2011 by psplove in "Member's Lounge"
Yahoo disclosed plans on Tuesday that it would eliminate 1 percent of its work force, or around 140 jobs, mostly in marketing. That follows cuts last month of another 600 jobs, most of them in the product group.

“We just completed a very encouraging quarter and year for Yahoo,” Ms. Bartz said in the call. She went on to say that “we are making clear progress on our plan.”

The first-quarter revenue forecast was for $1.02 billion to $1.08 billion, compared with analysts’ expectation of $1.13 billion. In after-hours trading, shares fell more than 2 percent, to $15.64.


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http://www.nytimes.com/2011/01.....technology
 

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  • 99577
    orangearrows
    professor
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    Posted by orangearrows on January 26, 2011
    [reply] 4 0
    Tough start to 2011
      99700
    • psplove
      professor
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      Posted by psplove on January 26, 2011
      [reply] 2 0
      Last month their already cuts 600 Jobs.
  • 100038
    Solstice
    professor
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    Posted by Solstice on January 27, 2011
    [reply] 3 0
    I remember when Yahoo was one of the Internet search engine power houses.
    Now Yahoo just seems to be dying a slow and agonizing death.
  • 100066
    lootango
    professor
    11 9 1
    Posted by lootango on January 27, 2011
    [reply] 2 0
    Maybe they can go work at Google... who is planning to hire 6,000 people in 2011 across the country...
    http://www.bizjournals.com/aus.....-year.html

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