) would cut costs, and probably a lot of people. Some of those estimates have been as high as 3,000. Now,
that the specifics of the move may be announced during the earnings release later this week. According to the paper, "The exact number of jobs to be eliminated remains unclear, though it is expected to exceed the 1,000 jobs that Yahoo announced it was cutting in January."
Forget Yahoo!. The news means that an entire portion of the media industry Read the rest of this entry »
Oct
20
Oct
19
Yahoo Inc. is drafting significant cost-cutting plans to try to reverse its fortunes from the inside.
The Sunnyvale, Calif., Internet company is expected to disclose the cost cuts as soon as Tuesday, when it reports quarterly earnings, say people familiar with the matter. The cuts will involve layoffs, among other things, these people say.
The exact number of jobs to be eliminated remains unclear, though it is expected to exceed the 1,000 jobs Read the rest of this entry »