Monday, January 31, 2011

Bit: Go Yahoo to Let 140 employees

Yahoo announced plans Tuesday to layoff roughly 140 employees in the latest in a series of job cuts.

The reduction comes a month after the Web portal of leaves nearly 600 workers go as part of a strategy of Carol a. Bartz, Executive Director, pare costs and revive a stagnant business. In 2009 and 2008 was held the previous rounds of layoffs.

Cuts Tuesday focused on Yahoo marketing team, according to a person knowledgeable about the issue that was not authorized to speak on the record. They represent about 1 percent of global workforce of Yahoo.

"The changes we are making personnel are part of our ongoing strategy to better position Yahoo to expand revenue growth and margin and to support our strategy to deliver differentiated products and experiences to market," the company said in a statement. "We will continue to take on a global basis to support our key priority."

Yahoo announced its earnings quarter Tuesday afternoon; analysts don't expect results blockbuster. MS. Bartz said Yahoo's turnaround will take time.

The strategy is to focus on the strengths of Yahoo as display advertising and editorial content. Several products that are not central to its plans should be shuttered or sold, including Delicious, a bookmarking service.

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