Yahoo to cut 5% of workforce amid revenue drop
Internet search company Yahoo Inc. announced Tuesday that it would slash 5% of its workforce as it reported a first-quarter profit that fell sharply from a year earlier but still managed to beat Wall Street’s forecasts.
The company said that the employees being affected in this latest round of cuts would be notified within the next two weeks. Last year, the company cut about 700 jobs on a net basis.
Source: CNNMoney
Bartz said: “cutting jobs and eliminating products”. Are there any plans for Zimbra layoffs? Very worried, frustrated and scared.
[...] (4-21-2009): Yahoo to Cut 5% of Jobs Share [...]