Hit Search Limited liverpool 0845 643 9289

Yahoo to cut 1500 jobs as profits fall.

By Andrew Redfern @ 22nd October 2008 10:19 am

Yahoo has published it’s 2008 third quarter financial results and announced it will be cutting 1500 jobs.

The company has made $54 million profit in the period which is down from 151 million dollars for the same time last year. Overall quarterly revenues were $1.78 billion.

They state “Because the majority of expenses are headcount-related,Yahoo! expects to reduce its global workforce by at least 10 percent during the fourth quarter of 2008. Yahoo! also plans to implement additional cost-cutting measures aimed at achieving additional structural efficiencies over the next year.”

This is the second round of cuts this year and comes after a downsizing announced in January. It continues what has been a tumultuous year for the search engine in which it has fought off a takeover big from Microsoft, endured a boardroom reshuffle and a stormy AGM and seen it’s proposed search advertising alliance with Google meeting with increased resistance & scrutiny from pressure groups and anti-trust authorities alike.

Would you like to know more about Yahoo? If so, contact Hit Search, SEO and Google adWords qualified PPC specialists, on 0845 643 9289. Remember, its a big world out there, make sure you become visible.

Other Related Stories That May Be Of Interest: