Yahoo! Set to Lay Off Hundreds
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Battered by slow revenue growth and the popularity of social networking Web sites, Yahoo! Inc. is poised to lay off hundreds of workers, according to published reports
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Blog: Yahoo shareholders reject censorship, executive pay proposals, re-elect all board members at shareholder meeting
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Yahoo has trimmed some staff in India as part of an exercise to improve the quality of its research and development (R&amp;D) team in the country. The company has removed less than 5 percent of staff after they failed in a performance appraisal, according to an informed source. Yahoo employs 1,500 staff in India in R&amp;D and its sales and marketing operations.However, the company continues to hire more staff in India. While declining to confirm the staff cuts, a spokeswoman at Yahoo said Thursday that the company has doubled staff in India each year, and is likely to do so this year as well. &quot;We continue to build a high performance culture in India,&quot; she said.IBM&#160;and Indian outsourcer Tata Consultancy Services have also&#160;trimmed under-performing staff in India, although both have said that the staff cuts are routine annual exercises to weed out under-performing staff. As staff costs in India increase because of shortage and competition, companies may be getting a lot tighter on quality, according to some analysts.Yahoo announced in January&#160;plans to let go about 1,000 of its global staff&#160;in February.
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SUNNYVALE, Calif. -- Battered by slow revenue growth and the popularity of social networking Web sites, Yahoo Inc. is poised to lay off hundreds of workers, according to published reports.
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IBM will donate 500 patents for free use. Also:  Yahoo joins Google with hard drive search engine & hellip;.  Inconclusive report on cell phones: Are they a health hazard? & hellip;. and more.
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Blog: Internet service provider says it will lay off about half its staff in an effort to boost profits and raise its share price.
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Yahoo will shut down one of its two photo-sharing sites, and focus all its efforts on its other photo-sharing site, Flickr.
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Time Warner&#39;s America Online unit is getting ready to fire more than 700 workers next month as part of a cost-cutting effort to combat declining subscriber numbers, according to a published report.
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Yahoo Inc.'s financial funk deepened at the end of 2007, prompting the slumping Internet icon to draw up plans to lay off 1,000 workers.
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As expected, Yahoo Inc   began carrying out lay-offs up to 1,000 employees on Tuesday,  as part of job cutbacks announced last month, several employees  at the company's headquarters said on Tuesday.
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Bank of America Corp. plans to lay off hundreds of tellers and other branch employees at Fleet banks today, asking them to leave the building immediately as part of the process, according to documents obtained by the Globe and Fleet branch managers told of the decision.
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As Yahooâs board decides what to do about Microsoftâs buyout offer, the ax falls for some 1000 Yahoo employees.
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SAN FRANCISCO -- Yahoo Inc. will undergo its most extensive shake-up in more than five years, hoping to snap out of a malaise that has ravaged its stock and provoked one of its own top executives to bluntly question the Internet powerhouse's direction.
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Yahoo has introduced new severance plans that would give employees up to two years' salary if their contracts are terminated following a takeover.
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As first reported by the Washington Post, America Online is expected to eliminate more than 700 jobs from its workforce next month. The majority of the layoffs will occur at AOL's Dulles, Virginia headquarters where nearly 5,000 are presently employed. Analysts cite AOL's dwindling subscriber base; however, a company spokesperson refused to validate that assertion. Officially, AOL has no comment.
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Yahoo plans to lay off hundreds of employees to increase profitability, prop up its deflated stock price and focus on a smaller number of key areas, people close to the company said.
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Scathing internal memo calls for major Yahoo reorganization.