UPDATED 13:53 EDT / DECEMBER 14 2010

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:

Your vote of support is important to us and it helps us keep the content FREE.

One click below supports our mission to provide free, deep, and relevant content.  

Join our community on YouTube

Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.

“TheCUBE is an important partner to the industry. You guys really are a part of our events and we really appreciate you coming and I know people appreciate the content you create as well” – Andy Jassy

THANK YOU