Yahoo Is Forced To Cut 10% Of Workforce, Financial Woes

October 22, 2008

Yahoo is in a bit of trouble as they have been forced to cut 10% of their workforce or 1,500 jobs...Washington (ChattahBox) – Yahoo is in a bit of trouble as they have been forced to cut 10% of their workforce or 1,500 jobs.

On Tuesday, Yahoo announced a 64% drop in net income for the third-quarter.

Due to this, they had to cut 10% of their workforce, or 1,500 jobs.

This is the second time within a year that they had to cut a large amount of their workforce.

The financial issues were blamed on higher cost of revenues, as well as higher operating expenses.


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