Yahoo has announced that a decision to reduce it sworkforce by 20% was taken. In fact talks about this workforce reduction, have been doing the rounds since the Yahoo former CEO Terry Semel leaving in June 2007.
Yahoo's workforce counts 12,000 and this purge will really be a big strike. According to comScore, the traffic towards different Yahoo applicatons and products is still ahead of Google. But it is not as profitable as Google's.
The Sunnyvale company is actually trying through this move to giv ea strong push to its stock that has poorly performed during the last year and to stay ahead.
Sunday, January 20, 2008
Yahoo is to reduce its workforce by 20%
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