Yahoo prepares to lay off 600 to 700 workers (USA Today)

SAN FRANCISCO (AP)--Yahoo trimmings vacation will include 600-700 layoffs in shake-up last company Internet triggered by poor growth.Employees may be notified of job cuts, as early as Tuesday, according to a person knowing of Yahoo (YHOO) plans. The person requested anonymity because Yahoo did not have a formal announcement.The planned cutbacks represent approximately 5% of the Yahoo 14,100 employees labour market. Mark fourth mass layoff of Yahoo's three years.The last housecleanings were the subject of current CEO company, Carol Bartz, a veteran Silicon Valley has committed close to two years, despite his lack of experience on the Web or in advertising - source Yahoo revenue.This reduction week tour and is supposed to be concentrated in the us from Yahoo, which already has products group has undergone a redesign since Bartz hired former Microsoft Corp. Executive Blake Irving to perform the division last spring.The job cuts come as a shock. News of the layoffs imminent was the first month by two blogs popular technology, TechCrunch and low Digital.Yahoo objects last financial growth, stock stagnant price and recent no-shows management have raised questions on the issue of whether Bartz itself might be shown the door before the expiry of his contract in January, revenue company 2013.The edged place less than 2% to 4.8 billion in the first nine months of the year, reflecting the difficulty of Yahoo has been selling ads, while the other Internet companies such as Google Inc. and Facebook are booming the .Google revenues rose by 23% to nearly $ 21 billion in the first nine months of the year. Private company Facebook disclose its results but it grows if fast as it should go at the headquarters of the largest earlier this year.Yahoo stock prices fell 31 cents to close Monday for $16.70, below a few cents, where completed last year. In the meantime, the Nasdaq composite index technology-driven has increased by 16% so far this thinking malaise has spurred speculation that opportunistic companies redemption could implement support for Yahoo, possibly in partnership with another icon under siege Internet, AOL Inc.Bartz, 62, has stressed on several occasions of Yahoo, which is based in Sunnyvale, is moving in the right direction, even if it has warned that it might be a year or two before there is a significant improvement in financial results.Copyright 2010 company the Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Guidelines: you share in the community today to the United States, so please keep your comments smart and civil. Don't attack other readers personally and keep your decent language. Use the "Report abuse" button to make a difference. Read more.

Yahoo to lay off 600 to 700 workers (feeds.feedburner)

Published Tuesday 14 December 2010 12 H 24 ESTLast updated 14 December 2010 12 H 29 EST2 comments

Yahoo Inc. YHOO-Q prepares to dismiss between 600 and 700 workers in the most recent shake-up triggered by gloom Internet society.

Employees may be notified of job cuts as soon as Tuesday, according to a person familiar with the plans of yahoo. The person asked for anonymity because Yahoo had not made an official announcement.

The planned reductions represent approximately 5% of the Yahoo 14,100 employees labour market. It will mark fourth mass layoff of Yahoo over the last three years.

The two last housecleanings have undergone current CEO company, Carol Bartz, a veteran has committed more than two years, despite his lack of experience on the Web or in advertising - main source of income of Silicon Valley at Yahoo.

Round this week reductions is supposed to be concentrated in American product group of Yahoo, which already has undergone a redesign since Ms Bartz hired former Microsoft Corp. Executive Blake Irving to perform the division last spring.

Job cuts come as a shock. New of the impending layoff was the first month last two popular technology blogs, TechCrunch, and All Things Digital.

Low financial growth at Yahoo, stagnant stock prices and recent no-shows management have raised questions on the issue of whether Ms Bartz, itself could be the door before the expiry of his contract in January 2013.

Revenues of the company had edged place less than 2% in the first nine months of the year (US) $ 4.8 billion, reflecting the difficulty that yahoo was selling ads while the other Internet companies such as Google Inc. and Facebook are booming.

Google revenues rose 23 percent to nearly $ 21 billion in the first nine months of the year. Private company Facebook disclose its results but it is growing so fast that it had to spend more general headquarters of the earlier this year.

Yahoo stock prices fell 31 cents to close Monday for $16.70, below a few cents, where completed last year. Meanwhile, technology Nasdaq composite index rose by 16% this year.

Malaise has spurred speculation that opportunistic companies redemption could implement a takeover bid for Yahoo, possibly in partnership with another beleaguered icon Internet, AOL Inc.

Ms Bartz, 62, has repeatedly urged yahoo, which is based in Sunnyvale, is moving in the right direction, although it warned that it might be a year or two before there is a significant improvement in financial results for the company.