Yahoo To Lay Off Hundreds Of Employees

Yahoo recently announced that they are going to lay off hundreds of employees as a measure to try and recover from many years of misguided management.

Yang and his management team already have committed to jettisoning at least several hundred jobs to help boost Yahoo’s profits and placate investors demanding more action to reverse a steep decline in the company’s stock price.

Securities analysts are betting Yahoo will trim its 14,000-employee payroll by about 5 percent — or 700 workers. If that many people are dumped, Yahoo could save about $100 million, JP Morgan analyst Imran Khan estimated in a Tuesday note.

The formal announcement on the total workers being let go is expected next week.

Yahoo also has plans to drop some of their least profitable services - Yahoo 360 which is a social networking and Europe-based comparison shopping service called Kelkoo.

What are your thoughts about these changes? Will they help to make Yahoo more competitive on today’s internet?

AP

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