Another Round of Layoffs at Yahoo!
Yahoo! Inc. is on the verge of eliminating 650 jobs, meaning 5 percent of its workforce, an action which continues what CEO Carol Bartz has started in 2009, reports Bloomberg. Last year, after the coming of Carol Bartz, a series of dismissals was brought about, along with the shutting down of under-performing websites.
Yahoo’s position on the stock exchange reveals a fall of 1 percent, dropping to $ 16.69. Carol Bartz has acknowledged the increasing power of its main competitor, Facebook, Google not playing a negligible role either. The main strategy of Yahoo! is to incorporate smaller companies, bringing new customers, and generally following Google’s business model. A realistic example is the prospective partnership between Yahoo! and Zynga, recently materialized in the availability of Mafia Wars ad FishVille on Yahoo websites.
At the moment, Yahoo is still in the process of rebranding itself. So far this has included a number of partnerships with other networks, namely Zynga, Google and AOL. The latest deal between Yahoo! and Zynga brought about the launching of CityVille, a game that was supposed to be launched earlier, but the release was postponed in part due to the focus of Zynga on Facebook’s platform.
Among other improved features aimed at refreshing Yahoo! we have an improved version of its Sketch-a-Search function, a limited trail of its Local Offers program involving among others Groupon and GiltCity and a new social-network integrated Yahoo Messenger.
A message from John Furrier, co-founder of SiliconANGLE:
Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.
- 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
- 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.
Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.
