The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Yahoo Axes 1000 Jobs

Yahoo Axes 1000 Jobs

by , 8:45 AM EST, January 30th, 2008

Internet giant Yahoo plans to cut 1,000 jobs by mid February following a substantial drop in its fourth quarter earnings. The company hopes the cuts will reduce losses while it focuses on growing specific parts of its business, according to The New York Times.

Yahoo reported a 23 percent drop in earnings compared to the same quarter a year ago from US$269 million down to $206 million.

The company plans to focus on its advertising technology, and parts of its Internet portal including the front page, search services, email, personalized home page features, and news, finance and sports.

Investors hoping to see a quick turn around in the company, however, are likely to be disappointed. Yahoo CEO Jerry Yang warned investors of "head winds" in 2008, and that revenue growth would likely fall at the low end of, or below, analyst expectations.

Recent Headlines - Updated July 30th

Wed,9:18 PM
Apple Campus 2 Will Have Full Blown Visitor Center with Store, Cafe, Observation Deck
8:30 PM
ACM 317: T-Mobile’s Crazy iPhone Deal, Fitness Tracking Accuracy, Listener Comments
7:25 PM
iFixit Pro Tech Screwdriver Set and Jimmy Bundle: $59.95
3:10 PM
How to Pre-authorize Your iPhone to Use Apple Pay
12:58 PM
TMO Daily Observations 2015-07-29: Fitness Tracker Accuracy, Logitech’s new Mouse
10:15 AM
Photoshop CS6 Stragglers Out of Luck for Camera Raw Updates
8:55 AM
iOS: Deleting Siri’s Training Data
Tue,8:06 PM
Buy iPhone 6 from T-Mobile Now, Swap for iPhone 6s for Free, Apple Music Exempt from Data Limits
7:10 PM
CoMacadore Plus - Mac OS 6.0.1 Running on an Amiga 500
6:11 PM
Your Fitness Tracker May be Wrong, but that Doesn’t Make it Bad
5:55 PM
The Surreal Selfie Stick (Video)
5:30 PM
Logitech’s MX Anywhere 2 Mouse is a Joy to Use
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!