Yahoo is dumping 2000 Employees – 04222012
To save over $375 Million dollars Yahoo will be releasing over 2000 employees. It is going to cost the giant 1.2 to 1.4 million in expenses but it must do what it needs to do. According to the Baseline Intelligence article on 4/4/2012, rumors of the layoffs started a month ago. 2000 people represent about 14% of the base and are no longer considered relevant. Yahoo had been in negotiations at least once with Microsoft but no sale took place. It is also involved in suite with Facebook over advertising methods. Check out more in the article “Yahoo Axes 2000 Employees”.
Interesting news from the Hight Tech trenches being pointed out by the techies at www.end2endsupport.com and www.computerrepair-tarponsprings.com.
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