Giant information technology company, Yahoo Inc., will cut the number of employees of 5% in different countries. Landscape is not separated from the global economic conditions and the impact on the sluggish decline in income from the Yahoo ads on the internet in the first quarter. Yahoo net profit had fallen to 80% in the first three months of this year.
Yahoo is not immune from the global economy is sluggish at this time. But the expenditure carefully in the first quarter will improve our balance sheet to a target set. With our excellence in site search, innovative advertising solutions and other facilities, we are confident will have a good position in line with the improved its online advertising business "said Bartz, CEO of Yahoo.
Years ago until 2008 a number of employees reached 13,600 people and the company will give pocket money to the new wave of termination of employment in the second quarter. The Company will also be ordered when the operational activities Christmas holiday 25 December 2009 until 1 January 2010.
A balance sheet, not including a number of special items, reached 409 million U.S. dollars in the first quarter. Yahoo shares rose 54 cents, also on the position of 14.92 after the trading session on the stock exchange.
Financial reports to appear not long after the newspaper giant IT companies that will establish cooperation in the field of the Internet with Microsoft Corp. Previous two companies failed to reach agreement concerning merger negotiations.
However, the news concerning Microsoft ditepis Bartz. Although the site is a search business is a very high value Bgi my business.
Up to since the first quarter, led by Bartz, yahoo have 1:58 billion in income the U.S. dollar, down 13% from the same period a year back. Income outside of a Traffic Acquisition Costs (TAC) for 1:16 billion U.S. dollars, higher than the amount that some observers estimated that only 1.2 billion U.S. dollars.
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