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  #1  
Old 10-24-2008, 12:29 PM
jaibin jaibin is offline
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Default Yahoo to cut workforce by 10 per cent

Yahoo decided to cut at least 1500 employees from their work due to crisis in economy. Their net profit for the third-quarter of the year was US$54 million, or four cents per share, down from US$151 million and 11 cents per share during the same period of 2007. Economic slowdown has hurt the firm particularly hard as advertisers cut back on spending. Yahoo has been losing ground on the internet to companies such as Google, MySpace and Facebook.

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Last edited by jaibin : 10-24-2008 at 12:34 PM.
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  #2  
Old 11-14-2008, 02:39 PM
trinitybrown trinitybrown is offline
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Yes I agree with you, inflation in worldwide economy has adverse effects on the established and rich countries which results in this form, hope the problem will be solved soon
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Old 01-16-2009, 09:34 AM
regmac regmac is offline
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This is a very horrible reality on the side of yahoo. How could they produce more if they loss some? Am I right to say then that yahoo is going down and we'll be out in the next few years? Hope they're not.
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Old 04-30-2010, 07:24 PM
zenodoo zenodoo is offline
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Quote:
Originally Posted by jaibin
Yahoo decided to cut at least 1500 employees from their work due to crisis in economy. Their net profit for the third-quarter of the year was US$54 million, or four cents per share, down from US$151 million and 11 cents per share during the same period of 2007. Economic slowdown has hurt the firm particularly hard as advertisers cut back on spending. Yahoo has been losing ground on the internet to companies such as Google, MySpace and Facebook.

Anything related to businesses are affected when economy slows down and yahoo is not an exemption. So sad to hear this.
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Old 05-01-2010, 01:13 AM
ezekiel17 ezekiel17 is offline
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thats true.! internet connection goes up, so as the prices of some Yahoo services..
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  #6  
Old 05-01-2010, 11:39 AM
financialinsurance financialinsurance is offline
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Many corporate companies do the same thing when they find that their company is not getting any profit.
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