Yahoo Plans Job Cuts

January 2008
Red Herring;1/22/2008, p7
Trade Publication
The article unveils the plan of Yahoo to announce cutbacks in January 2008. Such cutbacks will likely lead to hundreds of job losses at the company. According to a source, the exact number of layoff is still being settled, and will be announced around the time the company reports year-end results on January 29. Former Wall Street analyst Henry Blodget said that Yahoo Chief Executive Jerry Yang is still deciding whether to go ahead with the layoffs. The author reveals that Yahoo has been struggling to recover from two years of competitive setbacks that has slowed revenue growth to around 12 percent.


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