Yahoo! cutting one percent of workforce

January 25, 2011
A Yahoo! sign is seen in Times Square. Yahoo! said Tuesday it is laying off one percent of its workforce, or some 130 employees, in the latest job cuts at the struggling Internet portal.

Yahoo! said Tuesday it is laying off one percent of its workforce, or some 130 employees, in the latest job cuts at the struggling Internet portal.

"The personnel changes we are making are part of our ongoing strategy to best position ! for revenue growth and margin expansion." a Yahoo! spokeswoman said in a statement.

"We'll continue to hire on a global basis to support our key priorities," she said.

The spokeswoman said Tuesday's layoffs concern "approximately one percent of the global employee base" at Yahoo!, which has over 13,000 employees according to the company website.

The announcement of job cuts came just hours before the Sunnyvale, California-based Yahoo! was to announce its fourth quarter results.

Yahoo! announced in December that it was cutting some 600 jobs in the third wave of layoffs at the company since late 2008.

Yahoo! has been seeking to carve out an identity as it struggles to compete with and on the Web.

Explore further: Yahoo plans first major layoffs under new CEO

Related Stories

Yahoo plans first major layoffs under new CEO

April 15, 2009

(AP) -- Yahoo Inc. is gearing up for its third round of mass layoffs in 14 months, signaling the long-slumping Internet company is still struggling to snap out of its financial malaise under a new leadership team.

Yahoo CEO pledges to boost profit margins

November 10, 2009

(AP) -- Yahoo Inc. Chief Executive Carol Bartz promised Tuesday to turn around the struggling Internet company after this year's "terrible" performance.

Yahoo paints brightening picture through 2013

May 26, 2010

(AP) -- Yahoo expects to make more money than management previously pledged as the slumping Internet company attracts more online advertisers and reaps savings from an upcoming search partnership with Microsoft.

Recommended for you

Smart home heating and cooling

August 28, 2015

Smart temperature-control devices—such as thermostats that learn and adjust to pre-programmed temperatures—are poised to increase comfort and save energy in homes.

Smallest 3-D camera offers brain surgery innovation

August 28, 2015

To operate on the brain, doctors need to see fine details on a small scale. A tiny camera that could produce 3-D images from inside the brain would help surgeons see more intricacies of the tissue they are handling and lead ...

Team creates functional ultrathin solar cells

August 27, 2015

(Phys.org)—A team of researchers with Johannes Kepler University Linz in Austria has developed an ultrathin solar cell for use in lightweight and flexible applications. In their paper published in the journal Nature Materials, ...

Interactive tool lifts veil on the cost of nuclear energy

August 24, 2015

Despite the ever-changing landscape of energy economics, subject to the influence of new technologies and geopolitics, a new tool promises to root discussions about the cost of nuclear energy in hard evidence rather than ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.