Is Yahoo Down Today, Yahoo Layoffs ?
December 14, 2010 by staff
Is Yahoo Down Today, Today Yahoo’s server facing some problems some of users of yahoo services facing problems to serve May be Problem will be fixed, anyways there is another yahoo related story buzzing on the internet that Yahoo Layoffs, American group of the Internet Yahoo (NASDAQ: YHOO | Power Rating) plans to cut about 5% of its staff, or between 600 and 650 jobs, the company seeks to direct its action towards the fast growing markets and reduce cost, reports the Financial Times.
The liner is to target products division of Yahoo, with notice to affected individuals to give from today, a person with knowledge of the plan said.
The job cuts are the first of such magnitude to the company for the past 18 months and highlight the difficulties CEO Carol Bartz was to have in reinvigorating the company. Yahoo has sought to expand in areas such as social networking and mobile Internet services, but has suffered from stiff competition, especially by rival Google (NASDAQ: GOOG), which has benefited from the Android operating system.
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