01-22-2008, 01:44 PM
Yahoo is planning to lay off hundreds of people as part of an effort to refocus its sprawling Internet services to compete with rivals like Google and Facebook, according to a source close to the company.
It's unclear whether the cuts will be deep enough to satisfy Wall Street, which has been urging the Internet company to shed as much as 25 percent of its workforce of about 14,000. More than half of those employees are based outside of the Sunnyvale headquarters.
But the source said Yahoo also is planning to hire people to work on new initiatives, so ultimately there may be no reduction in the total head count.
Link: ContraCostaTimes.com
It's unclear whether the cuts will be deep enough to satisfy Wall Street, which has been urging the Internet company to shed as much as 25 percent of its workforce of about 14,000. More than half of those employees are based outside of the Sunnyvale headquarters.
But the source said Yahoo also is planning to hire people to work on new initiatives, so ultimately there may be no reduction in the total head count.
Link: ContraCostaTimes.com