Yahoo to cut workforce by 10 per cent

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jaibin

Yellow Belt
Yahoo decided to cut at least 1500 employees from their work due to crisis in economy. Their net profit for the third-quarter of the year was US$54 million, or four cents per share, down from US$151 million and 11 cents per share during the same period of 2007. Economic slowdown has hurt the firm particularly hard as advertisers cut back on spending. Yahoo has been losing ground on the internet to companies such as Google, MySpace and Facebook.

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Jaibin
 

Luq

Yellow Belt
It is real hard for lot company, but where do they want this employees to turn to...
 
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