EMCC European Monitoring Centre on Change



Geographic Location

Country: World


Sector: Information / communication
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.