Yahoo cuts 1 per cent of staff ahead of earnings

Meanwhile, Google announced that it will hire more employees in 2011 than in any previous year

In a negative prelude to its fourth quarter earnings report due later on Tuesday, Yahoo confirmed it is cutting one per cent of its global staff, or about 140 employees.

"The personnel changes we are making are part of our ongoing strategy to best position Yahoo for revenue growth and margin expansion and to support our strategy to deliver differentiated products and experiences to the marketplace. We'll continue to hire on a global basis to support our key priorities," a Yahoo spokeswoman said via e-mail.

It's the second round of layoffs for Yahoo in as many months. In December, Yahoo laid off 600 people, or about four per cent of its global staff at the time.

Yahoo ended its third quarter on Sept. 30, 2010 with 14,100 employees and grew its revenue two per cent year-on-year to $US1.6 billion.

Google, on the other hand, announced on Tuesday that it expects to hire more employees in 2011 than in any other year in its history. Google's biggest hiring year to date was 2007, when it created more than 6,000 jobs.

"We're looking for top talent -- across the board and around the globe -- and we'll hire as many smart, creative people as we can to tackle some of the toughest challenges in computer science," wrote Google Senior Vice President of Engineering and Research Alan Eustace in a blog post.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags internetbusiness issuesadvertisingsearch enginesYahoolayoffsInternet-based applications and services

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Juan Carlos Perez

IDG News Service
Show Comments



Sansai 6-Outlet Power Board + 4-Port USB Charging Station

Learn more >

Victorinox Werks Professional Executive 17 Laptop Case

Learn more >



Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles


PCW Evaluation Team

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?