Yahoo Axes 1000 Jobs || The Mac Observer

Skip navigational links

Choose text size:

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.

Observer Comments

Show: Subjects Only | Full Comments

Comment on this Article

Guest Posts Visible. Hide Them.
Back to top Page 1 of 1

Comments are currently closed. Please email the author instead.

Recent Headlines - Updated November 20th

Fri, 7:07 PM: Games - Soccer Sim Championship Manager 2010 Released for Mac
6:47 PM: Games - EA Publishes Original Monopoly for iPhone
6:15 PM: News - Original Apple I on Ebay for $50K, w/Letter from Steve Jobs
6:11 PM: Games - New iPhone Games: Secret of the Lost Cavern Ep 1, New DJ Nights, More
5:47 PM: Games - Star Trek D-A-C Game Headed to the Mac Next Month
4:57 PM: Product News - TidBITS Releases “Take Control of Syncing Data in Snow Leopard”
4:26 PM: John Martellaro's Blog - Particle Debris (week ending 11/20) Stationery Pads Go Poof
2:59 PM: Free on iTunes - Musée du Louvre, Art Lite, SketchBook Mobile X and More.
1:50 PM: Deal Brothers - Acer P215H bmid 21.5” Widescreen LCD Monitor: $139.99
11:24 AM: TMO Appearances - Jeff Gamet Shares More Holiday Gift Ideas on MacJury
10:43 AM: Product News - Cocktail 4.5 for Leopard Adds QuickLook Cache Clearing
10:06 AM: News - Hack Enables Mac OS X 10.6.2 on Netbooks

The Mac Observer Reader Specials

TypeStyler For Mac OS X is Now Shipping! Download The Free Fully Functional 60 Day Tryout at www.typestyler.com
RamJet Memory: Mac Pro 8-core 8GB Kit $249.99, 4GB Kits $149.99! Sale on MacBook and MacBook Pro 8GB kits $497.99! New MacBook DDR3 4GB for $109.99. iMac and Mac mini 4GB Kits for $109.99! 1TB SATA Hard Drives for $109.99! Click here
OWC: Mercury On-The-Go FW800+USB2 up to 1.0TB. Bus Powered, no external power supply needed. Macworld Editors Choice, CNET Very Good Starting from $99.97, 500GB $159.99. Click here
If you're using a Mac, then you've gotta check out Full Tilt Poker for Mac. This Full Tilt Poker bonus code does the unthinkable, it actually rewards!
For the latest Apple products use Ciao, a price comparison website, to find laptops like MacBook Air. Then find the best prices on MP3 players and use our comparison tool to evaluate mobile phones like the Apple iPhone.
Laptop Hardware Provided by TechRestore - Overnight Mac & iPod Repairs.

© The Mac Observer, Inc. -- All rights reserved. All information presented on this site is copyrighted by The Mac Observer, Inc. except where otherwise noted. No portion of this site may be copied without express written consent. Other sites are invited to link to any aspect of this site provided that all content is presented in its original form and is not placed within another frame. The Mac Observer is an independent publication and has not been authorized, sponsored, or otherwise approved by Apple, Inc.