Yahoo To Lay Off Hundreds Of Jobs

AP:

Yahoo is planning to lay off hundreds of employees in an effort to increase its profitability, prop up its deflated stock price and narrow the focus of its sprawling Internet portal to a smaller number of key areas, people close to the company said Monday.

The final number of people to be laid off from Yahoo's work force of about 14,000 is yet to be determined and is likely to be announced around the end of the month, perhaps during Yahoo's Jan. 29 conference call with analysts after it reports fourth-quarter financial results, these people said.

Read the whole story: AP

Comments

[Rule Of Law]

01:03 AM on 01/23/2008

Actually, won't they be laying off hundreds of PEOPLE???

[mrcontinental]

10:48 AM on 01/22/2008

This will continue as ALL companies attempt to maintain their inflated stock. They seek to strengthen a consumer economy be creating less people able to consume; ironic isn't it. At this rate soon none of us will have jobs.

[TheMiddleman]

09:40 AM on 01/22/2008

What irony. The link to the Yahoo story leads to a NY times article posted to, what else, Yahoo Finance.

I was surprised to find out that Yahoo has 14,000 employees. I don't know what the hell they all do, since I have never figured out exactly what anyone really needs Yahoo for anyway.

[factanonverba]

11:13 PM on 01/21/2008

Grim news for us in the Bay Area. And if technology companies are catching cold, the rest of economy must be catching pneumonia.

[mediamarv]

08:27 PM on 01/21/2008

People are laid off..
Jobs are eliminated.

What kind of intern is writing the headlines this week?