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Yahoo to lay off more than 600 staffers-sources
It's sad to see this happen, but Google's become a verb because it's got the best search engine in the business. Nobody "yahoos" anything.[Emirates 24/7] Yahoo Inc plans to lay off more than 600 employees as early as Tuesday, two sources familiar with the situation said on Monday. The cuts would represent between 4 percent and 5 percent of the Internet portal's overall staff, which totaled 14,100 at the end of September according to Yahoo's website. The layoffs come two years into Chief Executive Carol Bartz's tenure as Yahoo works to grow its revenue amid tough competition from Google Inc and Facebook. Yahoo declined to comment. Technology blog AllThingsD wrote earlier this month that Yahoo planned to cut 650 employees, and the New York Times newspaper reported on Monday that the cuts could take place as soon as Tuesday. Posted by: Fred 2010-12-15 |
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