Yahoo Inc. cut 600 workers, the latest in a series of layoffs as the Web pioneer continues to struggle to find its niche in the modern online world. Since the beginning of 2008, Yahoo has suffered
through at least four major rounds of layoffs, totaling nearly 4,000 positions.
The move, which amounts to a 4% reduction in its workforce, comes amid soft ad growth and declining
user engagement. The news stands in sharp contrast to the hiring binges at other local Internet companies, such as Zynga, Facebook and Google, which is looking to expand its already 23,000-person
staff by more than 2,000.
The latest cuts reflect the clean-house strategy imposed by chief executive Carol Bartz, who took the helm in January 2009. She has also jettisoned
underperforming divisions, including its dating and job-listing sites.
advertisement
advertisement
Read the whole story at San Francisco Chronicle »