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 October 23rd

Thu,11:03 AM
Pixelmator for iPad Hits Apple’s App Store
10:15 AM
Apple Wins GPNE Patent Lawsuit, Calls Company a Patent Troll
9:08 AM
Apple Dropping SSL 3.0 for Push Notifications in Wake of Poodle Security Flaw
Wed,8:40 PM
Mark Zuckerberg Wows Chinese Crowd with 30 Minute Interview in Chinese
8:06 PM
How to Use Yosemite’s New Batch-Renaming Feature
7:59 PM
How to Make Calls from Yosemite the Geeky Way
7:55 PM
Continuity Keypad Makes Calling From Yosemite Easier
7:51 PM
The Name Your Own Price Game Design Bundle
3:00 PM
OS X Yosemite: The Quintessential Review
1:25 PM
TMO Daily Observations: 2014-10-22
10:55 AM
AT&T Wireless Offers iPad Air 2, mini 3 for $100 off
9:55 AM
Apple Launches Maps Connect, Allows Users To Update Info
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!