Yahoo planning more job cuts

April 15, 2009

Yahoo CEO Carol Bartz is planning a new round of job cuts according to the reports as the company continues to cope with the aftermath of a downturn in online advertsing sales.

The New York Times and Reuters, citing several people with knowledge of the plans, said the layoffs could affect several hundred employees and may be announced as early as Tuesday when Yahoo reports its first-quarter earnings.

The cuts would be the first since Bartz joined the company as CEO in January.

Yahoo, which spent most of 2008 in a series of off-on merger/partnership talks with Microsoft, has already had two rounds of job cuts in the last year or so. It let go 1,000 staffers in early 2008 and cut another 1,400 at the end of last year.

According to reports, Bartz has renewed partnership discussions with Microsoft in recent weeks which will likely focus on outsourcing its search advertising business to the Seattle-based company according to reports.

Keep an eye on:
  • Is CBS Chief Les Moonves job in danger? (BusinessInsider.com)
  • AT&T Chief is in discussions to keep iPhone exclusive till 2011 (WSJ)
  • US Dept of Justice should reject Live Nation-Ticketmaster deal (NY Post)

(Photo of Bartz courtesy of Yahoo)

No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/