Yahoo Lays Off 600 Employees

Filed under: Forecasts, Bad News, Management, Competitive Strategy, Google (GOOG), Microsoft (MSFT), Yahoo! (YHOO), Employees

For a lot of Yahoo! Inc. (YHOO) employees, the holiday season is going to be less cheerful than expected as the company announced today that it was laying off around 600 employees.



The most recent layoffs are not that big or a surprise, as analysts have been speculating for the past few weeks that the company would reduce it payroll before the end of the year in hopes of breaking its recent financial woes.



Yahoo is headquartered in California, a state that is already dealing with very high unemployment. These layoffs are going to add to California's current 12.4% unemployment rate, which is sharply higher than the national average of 9.8%.

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Yahoo Lays Off 600 Employees originally appeared on BloggingStocks on Tue, 14 Dec 2010 18:00:00 EST. Please see our terms for use of feeds.

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