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Tuesday, May 30, 2023

Yahoo readies for more lay offs

Yahoo officials announced this week that thousands of its workers will lose their jobs and employees in the Burbank office are waiting to see if they will be among the 1,520 to be laid off. Yahoo company officials said they are still parsing through global employment status to determine where the cuts will take place. “We haven’t announced any specific information,” said Yahoo spokeswoman Kim Rubey, adding that Burbank’s Yahoo Search Marketing campus could be affected. The announcement from Yahoo officials Tuesday coincided with extremely weak financial figures from the company’s third quarter in which revenues dropped by 1% from last year at the same point and operating income plummeted 53% from 2007, according to figures released by the company. For full story visit: http://www.burbankleader.com/articles/2008/10/22/business/blr-yahoo25.txt

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