PaidContent.org writes:The company fired about 1,000 workers in January this year. The company had about 14,300 employees worldwide at the end of June. With the economy being in the shape it is, some of this is the usual belt tightening, but for Yahoo, the issues are more dire. With the fallen MSFT deal, the Google (NSDQ: GOOG) search deal stuck in regulatory issues, competitive pressure increasing from all sides, and major slowdown in display advertising online, Yahoo’s time is running out on multiple fronts.
They're definitely hoping that Google deal is approved by the Department of Justice. There's no question that teaming up with their biggest competitor would bring the company a substantial amount of revenue. But with that deal that was supposed to be kicked off this month still in limbo, it's got to be hard to look ahead to the future with any kind of certainty.
"Let's just hope Yahoo isn't dumb enough to announce the firings now and then wait until mid-December to actually make them,"
According to an inside finance source at
Just because Yahoo is cutting jobs doesn't mean they're not trying their damnedest to stay competitive. Not only will they be investing the money they make from the Google deal (if it goes through) into their search business, but they are already doing some interesting things to set themselves apart. Recently they have started failed attempts into social media in the past.
None of these things matter much to the people losing their jobs though, and they're simply joining the masses of Internet company employees going through the same thing. Other establishments who have recently announced staff reductions include Pandora, and
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