Yahoo cuts jobs as profits fall
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Search engine Yahoo says it plans to cut 1,000 jobs as its profits fall 23% in the final three months of 2007.
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Yahoo Inc confirmed on Friday that Chief Marketing Officer Cammie Dunaway, a member of the Internet media company's executive team, was leaving the company, effective November 2.
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U.S. stocks fell on Thursday as investors locked in profits ahead of Friday's jobs data that could show further weakening in the economy and possibly send equity markets lower.
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But the market expected it! Yahoo! today reported a slight drop in quarterly profits from last year, but a figure in line with previously lowered expectations. The company's second quarter results are the first dose of earnings to arrive since co-founder Jerry Yang replaced Terry Semel as CEO.â¦
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Yahoo has trimmed some staff in India as part of an exercise to improve the quality of its research and development (R&amp;D) team in the country. The company has removed less than 5 percent of staff after they failed in a performance appraisal, according to an informed source. Yahoo employs 1,500 staff in India in R&amp;D and its sales and marketing operations.However, the company continues to hire more staff in India. While declining to confirm the staff cuts, a spokeswoman at Yahoo said Thursday that the company has doubled staff in India each year, and is likely to do so this year as well. &quot;We continue to build a high performance culture in India,&quot; she said.IBM&#160;and Indian outsourcer Tata Consultancy Services have also&#160;trimmed under-performing staff in India, although both have said that the staff cuts are routine annual exercises to weed out under-performing staff. As staff costs in India increase because of shortage and competition, companies may be getting a lot tighter on quality, according to some analysts.Yahoo announced in January&#160;plans to let go about 1,000 of its global staff&#160;in February.
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By David Quainton  Yahoo! has handed almost all its UK business to Hill & Knowlton.   As broken on PRWeek.com this Monday, the appointment sees the internet firm part ways with Bite Communications, Brands2Life and Cohn & Wolfe.
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Battered by slow revenue growth and the popularity of social networking Web sites, Yahoo! Inc. is poised to lay off hundreds of workers, according to published reports
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Dethroned Yahoo chief executive Terry Semel left the struggling Internet firm's board of directors on Thursday.
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SANTA CLARA, California  - Yahoo Inc.  shareholders voted down proposals to tie executive pay to competitive performance and challenge the company's human rights policies in China at their annual meeting on Tuesday.
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Yahoo reported a drop in quarterly profit and its shares fell nearly 7 percent as Chief Executive Jerry Yang predicted a tough 2008 amid a weakening U.S. economy.
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Yahoo&#39;s fourth-quarter revenue grew, but net income fell as the struggling Internet giant tried to put its house in order and improve its ability to compete against Google and other rivals.
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Slumping Yahoo Inc.'s fourth-quarter profit dropped less than analysts feared, but management signaled the Internet icon's turnaround efforts may still take another year to pay off.
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SUNNYVALE, Calif. -- Battered by slow revenue growth and the popularity of social networking Web sites, Yahoo Inc. is poised to lay off hundreds of workers, according to published reports.
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Internet media company Yahoo Inc.   on Tuesday reported a dip in quarterly profit in line  with previously lowered expectations, weighed down by weak  brand advertising and recent management turmoil.
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InfoWorld - Yahoo&#39;s net income fell year-over-year in a quarter that saw&#160;Yahoo leadership change hands&#160;amid criticism that the company failed to capitalize on the explosive growth of the search-engine advertising market.
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Battered by slow revenue growth and the popularity of social networking Web sites, Yahoo! Inc. is poised to lay off hundreds of workers, according to published reports.
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As expected, Yahoo Inc   began carrying out lay-offs up to 1,000 employees on Tuesday,  as part of job cutbacks announced last month, several employees  at the company's headquarters said on Tuesday.