Economic concerns
Yahoo cut 5% percent personnel.
According to internal sources reveal posted on day 13-12 , american yahoo prepares to dismiss more than 600 employee because of growth slowdown.In the next days,yahoo will official announced to lay employee off about 4 to 5 of the total number of 14100 employees in order to reduce costs and developing new potential markets.
According to the reuters ,most positions fired will focus on,the production team , the construction division of news,finance, sports email services of yahoo.
This is the fourth-largest reduction of yahoo over the past year and the second since the new chief-.executive officer is Carol Bartz.She is a person who lacks experiences in technology and advertising wed , which is profitable segment of yahoo. However,she still asserts that yahoo will develop in the next years.
Previously there have been many rumors about yahoo to lay off 2% employees due to the difficult situation, but the company were rejected .Company's profit is less than 2% in the first 9 months of this years, around 4 % billions usa, whites rural google and facebook the have remarkable growth.
Such google earn 21 billions usa in the first 9 months of 2010 and has just announced 10% salary increase for all employees.
Top answer
It's not surprising. Yahoo has not been competitive for many years. Where did you find this article?
- It's not surprising.
- Yahoo has not been competitive for many years.
- Where did you find this article?
- It has a lot of mistakes.
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It's not surprising. Yahoo has not been competitive for many years. Where did you find this article? It has a lot of mistakes.
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