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 February 9th

Tue, 3:28 PM: News - Google Lowers Nexus One “Equipment Recovery Fee” to $150
2:27 PM: Deal Brothers - Refurbished 13” MacBook 2.13GHz Intel Core 2 Duo: $749
1:31 PM: Jeff Gamet's Blog - Macworld Expo: It’s Our Show, Not Apple’s
10:38 AM: Quick Look Review - Texas Tea for the iPhone and iPod touch
10:25 AM: News - Apple Rolls Out Aperture 3 Video Tutorials
10:00 AM: Hot Forum Topic - Backing Up Your iPhoto Library
9:35 AM: Product News - Notebook, iThoughts Add TextExpander touch Support
9:00 AM: Hidden Dimensions - The Killer Surprises Waiting for Steve Ballmer
8:50 AM: Product News - Aperture 3 Adds Faces Support, More [Updated]
8:30 AM: TMO Quick Tip - Fixing iPhone and MobileMe Sync Headaches
8:12 AM: News - Apple Store Offline, Rumors Point to New Laptops
8:00 AM: TMO Appearances - TMO’s Bryan Chaffin and the Atomic Love Bombs Perform During Macworld Expo

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 8GB Kit $275.99, Mac Pro 4GB Kits $145.99! Sale on MacBook and MacBook Pro 8GB kits $459.99! MacBook, MacBook Pro, iMac Mac mini 4GB Kits for $113.99! 1TB SATA Hard Drives for $109.99! Click here
If you own a car, you need CarMD! Catch problems, estimate repairs and more. Now for Mac. $98.99 at www.CarMD.com Save $10 with code TMO1.
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.