EMCC European Monitoring Centre on Change

Yahoo

Company/Organisation:
Yahoo

Geographic Location

Country: World

Company

Sector: Information / communication
Telecommunications
61 - Telecommunications
Number Employed: 15000

Employment Effects

Announcement Date: 19-11-2008
Planned Job Reductions min: 1500
Planned Job Reductions max: 1500
Type of Restructuring: Internal restructuring
Employment Effect Start: 19-11-2008

Additional Information

Yahoo, the U.S. based global online network services provider, has announced that it is to cut 1,500 jobs out of a total of 15,000 due to the annual financial loss of 64% in the third quarter of 2008. As of November 2008, there is no information on when the job losses will be implemented by.