Yahoo! To Fire 10% Of Employees

Published
by
Breaking News
on October 22, 2008
in Business, Internet and Yahoo
.

“Yahoo announced plans on Tuesday to lay off at least 10 percent of its workforce, some 1,400 employees, as the weak economy cut deeply into third-quarter profits at the struggling Web company. Yahoo said net profit for the third-quarter of the year was 54 million dollars, or four cents per share, down from 151 million dollars and 11 cents per share during the same period of 2007.” [Link]

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