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1,000 layoffs @ Yahoo

January 31, 2008 by Veronica Villafañe

Yahoo confirmed it will lay off 7% of its workforce – that comes out to 1,000 employees. News of the restructuring began last week, with analysts pointing out to Yahoo’s struggle to compete with Google. The internet company disclosed the workforce reduction during a fourth-quarter conference call.

According to Online Media Daily, profits were down 23% from the year-earlier period. No word yet on which company divisions would suffer the cutbacks. A targeted “jobs realignment” is scheduled to start by mid-February.

Filed Under: People Tagged With: layoffs, Yahoo

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Veronica Villafañe, Editor & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Currently a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

Hispanic media and entertainment contributor to Forbes.

Full bio here

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Veronica Villafañe, Editor & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Currently a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

Hispanic media and entertainment contributor to Forbes.

Full bio here
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