Yahoo Plans Major Layoffs & Cost Cuts

By Barry Schwartz

Published: October 20, 2008 at 10:03 am

TechCrunch reports Yahoo is planning of laying off between 1,000 and 3,000 employees. Yahoo Plans Major Cost Cuts, Including Layoffs from the Wall Street Journal expect the cuts to start as early as tomorrow.

The cuts come after Yahoo hired consulting firm Bain & Co. to cut costs and improve efficiencies.

Yahoo has been struggling for a long time now. From Terry Semel, Yahoo’s ex-CEO, to Jerry Yang, to the Microsoft discussions and AOL rumors – Yahoo’s stock price has been hurting. Now, in these recessionary times, Yahoo hopes to turn things around with cost cuts and efficiencies improvements.

For more on Yahoo’s financial past, see our Yahoo Business Issues category and make sure to check out the other coverage on this news at Techmeme.

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AOL Bain & Company, Inc. Business failure Chief executive officer Jerry Yang Layoff Microsoft Recession TechCrunch Techmeme Terry Semel The Wall Street Journal Yahoo!

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About the author

Barry Schwartz

Barry Schwartz is a technologist and a Contributing Editor to Search Engine Land and a member of the programming team for SMX events. He owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics.

In 2019, Barry was awarded the Outstanding Community Services Award from Search Engine Land, in 2018 he was awarded the US Search Awards the "US Search Personality Of The Year," you can learn more over here and in 2023 he was listed as a top 50 most influential PPCer by Marketing O'Clock.

Barry can be followed on X here and you can learn more about Barry Schwartz over here or on his personal site.

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