Yahoo Layoffs

A November 2010 report indicates that another round of Yahoo! layoffs may be approaching. According to San Francisco Chronicle, Yahoo is planning to fire at least 10% of its product team. This number amounts to approximately one thousand Yahoo! employees. These numbers compound the numerous rounds of previous layoffs which seem not to have helped the media outfit, as intended.http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/11/12/businessinsider-yahoo-layoffs-2010-11.DTL#ixzz15HgsuCep

Tech blog Lalawag reported that layoffs at Yahoo! commenced, after the search company posted disappointing results for the first quarter 2009. Initial reports of potential layoffs began on April 15, 2009. Lalawag reported that 600 employees could be effected by the layoffs.http://www.lalawag.com/yahoo-layoffs-begin/

In 2009, Yahoo announced that they anticipated an upcoming reduction in workforce. This came after significant layoffs less than a year prior. They attributed their financial difficulties to reduced advertising revenues.http://www.nytimes.com/2009/04/15/technology/companies/15yahoo.html

In October 2008, Yahoo announced its second round of layoffs after releasing the firm's third quarter revenue report. 10 percent of the company's workforce, about 1,500 employees, were expected to lose their jobs. According to reports, the layoffs, which were originally expected before the Thanksgiving holiday, occurred on December 10, 2008. The company said it would save $400 million, funds that would help to offset the slowdown in sales.http://money.cnn.com/2008/10/20/technology/yahoo_earnings.fortune/?postversion=2008102113

After a disappointing fourth quarter in 2007, Yahoo announced that it would cut 1,000 jobs in mid-February of 2008.http://www.nytimes.com/2008/01/30/technology/30yahoo.html?_r=1&ex=1359435600&en=e797ae37305e5c8f&ei=5088&partner=rssnyt&emc=rss&oref=slogin Jerry Yang, Yahoo's CEO, warned that the company might experience "headwinds" in the 2008 fiscal year. However, Yahoo did stress the importance of focusing on its core business and investing aggressively in advertising campaigns.