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Yahoo Eliminated More Jobs
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Earlier in the week, there was speculation that Yahoo would eliminate about a thousand jobs. The speculation was an under-estimate. Yahoo will terminate fifteen hundred (1,500) positions:
“Yahoo announced Tuesday that it plans to cut at least 10% of its workforce, or more than 1,500 employees, in the fourth quarter in an effort reduce costs.”
link: Yahoo slashes 10% of workforce
Jerry Yang noted that Yahoo must reduce costs. He further noted that initiatives will “enhance productivity”. Can reducing the company’s work force by ten per cent go hand-in-hand with enhancing productivity? Microsoft will be watching.
Catherine Forsythe
3 Comments
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