More Layoffs For Yahoo!

Yahoo Inc’s problems are hardly behind them at this point. The last round of numbers put them down almost 80 percent for the same period last year. I read this huge drop in profit has caused another layoff to come. Their looking to cut about 600 to 700 jobs in a matter of a few days. Things are not looking good for tech companies at all these days. Even Google Inc just went through a layoff, who would have ever thought that. Anyway, Yahoo once thought that when Jerry Yang the co-founder was out of the way things would get better. And with the hiring of their new hard noise, no nonsense new CEO Carol Bartz things where supposed to get better as well, but not the case. It’s a shame what’s happening to Yahoo Inc, they’ve come so far as an internet company, come on, they survived the tech bubble burst. This new round of layoffs will mean Yahoo has cut over 3,000 jobs within a year. Hopefully they will do something to turn things around soon. It might even mean selling off parts of their business to save other parts. I think for the most part they took on more than what they could chew.