Personal Daily Interest News: Yahoo Reduced 140 Employees

According to New York Times News (NYTimes.com) posted on January 25, 2011, 1:58 pm by VERNE G. KOPYTOFF in Technology category.



I'm very interested in this news. It says about Yahoo! Inc. Yahoo!, as I know, is a second popular search engine that Internet users search their daily require documents or interest daily news. By January, this month, the second giant search engine company has cut off 140 employees.

Please let me quote some text from New York Times news:

Yahoo disclosed plans on Tuesday to layoff around 140 employees in the latest in a series of job cuts.

The reduction comes a month after the Web portal let around 600 workers go as part of a strategy by Carol A. Bartz, the chief executive, to pare costs and reinvigorate a stagnant business. Previous rounds of layoffs took place in 2009 and 2008.

Tuesday’s cuts were focused on Yahoo’s marketing team, according to a person briefed on the matter who was not authorized to speak on the record. They represent about 1 percent of Yahoo’s global workforce.

“The personnel changes we are making are part of our ongoing strategy to best position Yahoo for revenue growth and margin expansion and to support our strategy to deliver differentiated products and experiences to the marketplace,” the company said in a statement. “We’ll continue to hire on a global basis to support our key priorities...”

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Source news: New York Times

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