TITLE

Yahoo Plans Job Cuts

PUB. DATE
January 2008
SOURCE
Red Herring;1/22/2008, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
36962041

 

Related Articles

  • Yahoo to lay off 1,500 staff.  // Computer Weekly;10/28/2008, p7 

    The article reports that Yahoo Inc. is to lay off at least 1,500 employees to cut costs after poor third quarter results in 2008. As reported, this is the second time in nine months that Yahoo has resorted to staff cuts to reduce costs as share prices have fallen to five-year lows. The Internet...

  • Yahoo turns to telecom as Internet biz languishes.  // RCR Wireless News;2/4/2008, Vol. 27 Issue 3, p15 

    The article reveals the plan of Yahoo Inc. to slash 1,000 jobs in the wake of a fourth quarter that saw profits plunge nearly 24%. The Internet giant also issued a disappointing 2008 guidance. Chief executive Jerry Yang said it is a pivotal time for Yahoo's business and they have a unique window...

  • Jerry Yang. Elkin, Tobi // Advertising Age;2000 Special Issue, Vol. 71, p56 

    Profiles the 'Advertising Age' magazine Interactive Hall of Fame inductee Jerry Yang, co-founder of the Internet search engine Yahoo! Inc. Success of the web site; The product's market power; Acquisition of Geocities and Broadcast.com.

  • Yahoo! Jerry Yang is back in town. Yap, Swee-han // Telecom Asia;Jul98, Vol. 9 Issue 7, p62 

    Presents the vision of Jerry Yang, of Yet Another Hierarchical Officious Oracle (YAHOO!) Inc., on what drives the Internet and the telecommunication industry's growth in Asia. Information on the launching of Yahoo's Chinese search engine; Status of Yahoo; Yang's comments on Asian censorship;...

  • Yahoo's Bostock: We Tried. Schachter, Ken // Red Herring;8/1/2008, p1 

    The article focuses on the claim made by Yahoo chairman Roy Bostock that Microsoft never stepped up to conclude the takeover deal it initiated on January 31, 2009. Bostock, apparently seeking to refute suggestions that founder and chief executive Jerry Yang had sabotaged the takeover, also...

  • Yang to quit as boss of Yahoo. Perry, Michelle // Information World Review;Dec2008, Issue 252, p04 

    The article focuses on the resignation of Yahoo co-founder Jerry Yang as chief executive, as soon as a replacement is found. It is stated that Yahoo is looking at candidates inside and outside the company and that the development was intended to raise the company's share price, which has...

  • Yahoo's Taskmaster. Fortt, Jon // Fortune International (Asia);4/27/2009, Vol. 159 Issue 8, p80 

    The article profiles Carol Bartz, chief executive officer (CEO) of Yahoo. The retired CEO of Autodesk decided to take the CEO position out of respect for Yahoo co-founder Jerry Yang who approached her about rescuing the company. It provides an overview of the performance of Yahoo. It presents a...

  • Yahoo searches for focus as Yang exits.  // Daily Variety;1/18/2012, Vol. 314 Issue 13, p2 

    The article reports on the controversial departure of Jerry Yang, co-founder of Yahoo! Inc., from the Internet content giant. It states that his exit shocked the market and led to the increase of Yahoo shares after-hours trading. In his letter, Yang expressed appreciation to the appointment of...

  • Why Is Jerry Yang Still in Charge? Lyons, Daniel // Newsweek (Atlantic Edition);11/10/2008 (Atlantic Edition), Vol. 152 Issue 19, p12 

    The article discusses chief executive officer Jerry Yang's leadership at Yahoo! Inc. and whether he missed an opportunity by not selling the Internet technology company to the Microsoft Corp. for $43 billion. The article discusses the history of Yahoo! which was developed by Yang and David Filo...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics