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!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

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

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Bitdefender 2019

This Holiday Season, protect yourself and your loved ones with the best. Buy now for Holiday Savings!

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?