Yahoo! Poised To Layoff Hundreds

By: Mark Tenia Email
By: Mark Tenia Email

January 22, 2008

According to the New York Times and the Wall Street Journal Yahoo is preparing to lay off hundreds of their employees as part of cost cutting plans.

The company is reportedly considering the move to boost their stock prices which have been slumping. Yahoo's stock prices have been deflated as they continue to try and compete with Google and more recently social networking sites like MySpace and Facebook.

Just how many of the 14,000 workers will lose their jobs is still uncertain. A final decision is expected to be announced on January 29th when Yahoo executives are scheduled to review the company's fourth quarter results.

If the company does in fact lay off hundreds of workers it will be the companies most extensive layoffs since 2001 after Yahoo tried to recover from the dot com bust.


The comments sections of Newsplex.com are designed for thoughtful, intelligent conversation and debate. We want to hear from our viewers, but we ask that you follow our rules for commenting. E-mail is required to comment on a story, but it will not be displayed with your comment. For complete rules, CLICK HERE. The Newsplex reserves the right to not post or to remove any comment.
powered by Disqus
The Charlottesville Newsplex 999 2nd Street S.E. Charlottesville, VA 22902 434.242.1919 – Main 434.220.7522 - Newsroom
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 13996472 - newsplex.com/a?a=13996472
Gray Television, Inc.