Subscribe & Follow
Trending
Advertise your job vacancies
Jobs
- Content Curator Johannesburg
- Campaign Manager Cape Town
- Account Executive Cape Town
- Junior Copywriter and Proofreader Cape Town
- AM Field Sales Executive Cape Town
- Webmaster and Sales Support Pretoria
- Digital Marketing Internship - Paid Position Centurion
- Account Administrator Centurion
- Receptionist Cape Town
- Client Services and Admin Johannesburg
Yahoo! preparing new round of layoffs
Yahoo! is preparing a new round of layoffs and several hundred employees could be affected, The Wall Street Journal and The New York Times reported late Tuesday 14 April 2009.
The newspapers said the layoffs, which would be the first since Carol Bartz took over in January as chief executive of the Internet company, could be announced as early as next week, when Yahoo! reports its quarterly earnings.
The Sunnyvale, California-based Yahoo! cut some 2400 jobs in 2008 and had 13 600 employees at the end of last year.
Yahoo!, like other companies, has been suffering from the slowdown in online advertising and has been losing share in the lucrative online search market to Google.
All Things Digital, a leading Silicon Valley technology website, reported last week that Yahoo! has held "early discussions" with computer software giant Microsoft about possible Internet search and advertising partnerships.
Microsoft tried last year to buy Yahoo! for $47.5-billion in a vain effort to merge online resources to better battle Google, which rules more than 60% of the US online search market.
Source: AFP
Published courtesy of
.
