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Thursday, April 16, 2009

Yahoo Inc. to cut of Hundred of jobs

Islamabad, Pakistan- According media sources, Carol Bartz has joined Yahoo inc. January 2009, since than Yahoo Inc. planning to lay off hundred of workers in first phase. The layoffs could be announced next Tuesday, when Yahoo reports its first-quarter financial results, according to the source, who wished to remain anonymous because of the issue's sensitivity.
Jerry Yang, former CEO of Yahoo Inc. who was lay off in December 2008.. At that time, the strength of yahoo inc. employees were 13600, down more than 1600 employees from the third quarter of 2008.
The company, which is the No. 2 U.S. Internet search provider, Bartz, CEO Yahoo Inc. implemented a broad internal management reorganization and as Yahoo explores partnerships to help revive its growth.
However, Yahoo and Microsoft Corp met recently to discuss a deal involving the company's search business, according to a source familiar with the matter who wished to remain anonymous.

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