Yahoo! Hits the Wall; 1000 Jobs To Go!

Search Engine Marketing > Articles by Search Engine News Desk

Weaker-than-expected ad spending in the financial, travel and retail areas led to a 23% decline in fourth-quarter net income for Yahoo! to $205.7 million, or 15 cents a share, from $268.7 million, or 19 cents, a year earlier, the company said yesterday. It announced its first layoffs since 2001: 7% of its workforce will need to go!

Full article at: http://search.sys-con.com/read/493412.htm

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Channel Title: Articles by Search Engine News Desk
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Time added to seo24 archive: 21:30:15 - 31/01/2008 - Current server time: 05:11:11
seo24 Category: Search Engine Marketing