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 TMO Headlines - Updated October 26th

Wed, 10:44 AM
How to Add a Physical Escape Key to the New MacBook Pro
Wed, 9:19 AM
iOS 10.1: Turning Off Duplicate Portrait Mode Images
Wed, 9:00 AM
Martian Notifier Smartwatch: $29.99
Tue, 8:43 PM
Apple Says It Will Return to Revenue Growth in December Quarter
Tue, 7:07 PM
Tim Cook: Giving Up Privacy with Siri and AI is a False Choice
Tue, 5:51 PM
macOS Sierra 10.12.1 Leaks New MacBook Pro Images
Tue, 5:02 PM
Apple Beats Guidance with Q4 Earnings, Guides Q4 Above Consensus
Tue, 2:20 PM
Existing Home Routers Could Be Used to Stop DDoS Botnet Attacks
Tue, 1:06 PM
TMO Daily Observations 2016-10-25: iMessage Wish List, Original iPod Music Collection
Tue, 11:55 AM
MyScript Nebo iPad Pro Note Taking App Temporarily a Free Download
Tue, 10:52 AM
tvOS 10.0.1 Update Improves Security, Skips Single Sign-on
Tue, 9:46 AM
AAPL Q4 2016 Earnings Report Coverage this Afternoon
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!