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Yahoo fires 10% of workforce
Internet giant Yahoo has announced plans to fire at least 1,500 members of staff as the US company grapples with the current economic climate.
This cut equates to 10% of Yahoo's workforce and is the company's second mass layoff this year.
The search engine recently reported a 64% slump in profits from this time last year - down from £91.1m to £32.5m.
"We are going into what is very clearly a recession mode," said Yahoo's Blake Jorgensen.
Post Date: October 20th, 2008
This cut equates to 10% of Yahoo's workforce and is the company's second mass layoff this year.
The search engine recently reported a 64% slump in profits from this time last year - down from £91.1m to £32.5m.
"We are going into what is very clearly a recession mode," said Yahoo's Blake Jorgensen.
Post Date: October 20th, 2008
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