Yahoo! cutting one percent of workforce

Jan 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: China's Xiaomi raises more than $1 bn in funding

add to favorites email to friend print save as pdf

Related Stories

Yahoo plans first major layoffs under new CEO

Apr 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 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.

Yahoo CEO pledges to boost profit margins

Nov 10, 2009

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

Recommended for you

China's Xiaomi raises more than $1 bn in funding

6 hours ago

China's top smartphone seller Xiaomi Corp. is raising more than $1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion, a report said Sunday.

Why the Sony hack isn't big news in Japan

Dec 20, 2014

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

Dec 20, 2014

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

Dec 20, 2014

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

Dec 19, 2014

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

User comments : 0

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.