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1,000 to Lose Jobs as Yahoo Profits Fall 23%

Will continue to face 'headwinds' this year as online ad revenues sink

By Matt Cantor, Newser Staff

Posted Jan 30, 2008 3:25 AM CST

(Newser) – After a 23% plummet in fourth quarter profits, Yahoo's CEO said the company will face job cuts and continued "headwinds" in 2008, the Wall Street Journal reports. Facing decreased advertiser spending, the company will lay off 1,000 employees next month, though it will... Read full story »

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1,000 to Lose Jobs as Yahoo Profits Fall 23%

Will continue to face 'headwinds' this year as online ad revenues sink

Yahoo • Internet • layoffs • business • Jerry Yang • Susan Decker • AT and T • Internet advertising

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