Hundreds of Layoffs Expected at Yahoo

Yahoo is planning to lay off hundreds of employees in an effort to increase its profitability, prop up its deflated stock price and narrow the focus of its sprawling Internet portal to a smaller number of key areas, people close to the company said Monday. The final number of people to be laid off from Yahoo's work force of about 14,000 is yet to be determined and is likely to be announced around the end of the month, perhaps during Yahoo's Jan. 29 conference call with analysts after it reports fourth-quarter financial results, these people said.

Company executives are still trying to determine exactly which areas will be cut. One person close to the discussions said a final plan, or perhaps a few alternative plans, would be submitted to the company's board at a coming meeting. The plan's final shape may be influenced by the company's fourth-quarter financial performance, this person said. Yahoo declined to comment specifically on any plan for layoffs. In an e-mail statement, a company spokeswoman, Diana Wong, said: "Yahoo plans to invest in some areas, reduce emphasis in others, and eliminate some areas of the business that don't support the company's priorities. Yahoo continues to attract and hire talent against the company's key initiatives to create long-term stockholder value."

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19 Comments

Poor yahoo I used them before google and the main reason I switched is because I was sick of the bloat. If i wanted to find out about movies I use imdb if i want weather I use my firefox plugin. I guess i have grown to trust sites with only one purpose because they tend to get the job done right. My point is google may very well be getting a good amount of market share simply by being lazy lol. Don't get me wrong I know google does other things but it seems they leave it to you to find it when you want it and usually devote an entire page to it. When I go to yahoo it feels like I'm in the middle of a zoo there is so much garbage I could care less about being thrown at me that I can barely find anything of use.

but google does all those things too, so they are just as bloated if not more than yahoo. Listen to what you said, you use like 4 different tools to do different things. It's understandable that some people may want to do all that stuff at just one location. I can't blame Yahoo for trying, I guess it's just the way they've implemented it that has failed them.

I kinda said what you just said if you read it closely. I understand that some may like yahoo for the same reasons i find it flawed (one mans trash is another mans treasure) but I think anyone who uses the internet for more than just reading email can understand were I'm coming from and they are the ones that click the ads and make these sites money simply because they are there longer statistically increasing the chances of them finding an ad they are interested in.

The point about Yahoo is spot on!

The main criticism of Google, is just how many sites have tentacles reporting back to them. Install Privoxy or the like, and see how much gets relayed. That is my main Google objection. (They didn't get rich so quick, just because they were lucky!) Folks remember, these are all free services, your connection to the Internet goes to your ISP, everything else is either free, or paid for by adverts! :nuts:

I agree with you there. Gmail sucks compared to Yahoo.

Bummer for the people at Yahoo. If they'd simply quit playing with stuff on their site, would be an improvement. Seems like the layout is changing daily and I run into times, where it is hard to access the mail.

and eliminate some areas of the business that don’t support the company’s priorities.

maybe something like 'Chinese communism'? and 'privacy violations'?...and is the executives having 3 yachts instead of 1 a profit loss and higher priority.

if thats in relation to the "14,000", thats the task force currently. Didn't see any other number there and the final cut is "yet to be determined"

Well, I hope that Fantasy Sports is profitable and thus spared the axe. That's all I really use from Yahoo. I have an email account and a Yahoo IM account but they are all based on my Fantasy Sports use.

DAMN ... that stinks ... 14,000 jobs lost ...

Why do lay people off ... an say it's for "increase its profitability"

They need to stop giving the top guys ALL that $$$$$$$ ...
and make them think first before doing layoffs ...

They should be thinking of ways of using their employees to make money
for the company, not laying them off.

(GenBlood said @ #10)
They need to stop giving the top guys ALL that $$$$$$$ ... and make them think first before doing layoffs ...

Bud, that's the American way, the people at the top of the tree get the money... When the New World Order is finally in place, well all be working for minimum wage, with the few rich choosing who is allowed to join the rich club. The world is going Communist :eek:

(boho said @ #10.1)

Bud, that's the American way, the people at the top of the tree get the money... When the New World Order is finally in place, well all be working for minimum wage, with the few rich choosing who is allowed to join the rich club. The world is going Communist :eek:

That's an oligarchy, not communism.

(GreyWolfSC said @ #10.2)
That's an oligarchy, not communism. :)

Do you think all people are equal under communism? Call it waht you like, we are heading for a world where there will be two types of people
1) A very few who own almost everything
2) Low wage employees who work for the above
George Orwell timing was 30 years out, that is all!

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