Yahoo will lay off 2 workers. The mass layoff is part of the plans of the new CEO, Scott Thompson, for the future of the San Francisco company. The cuts, which affect 14% of the workforce (equal to 14.100 units), should guarantee savings of 375 million dollars.
However, Yahoo will have to absorb between 125 and 145 million dollars in gross severance payments and this will reduce the company's profits for the current quarter. This move represents the company's sixth workforce reductions in four years under the leadership of three different CEOs. The cut, however, this time is greater than the cut by 1.500 workers implemented in 2008, when the search engine was trying to adjust to the international recession. Earlier purges, carried out by Yahoo co-founder Jerry Yang and his successor, Carol Bartz, failed to stave off a decline in revenue. This had caused disappointment among investors who had expected growth at a time of boom in Internet advertising revenues.
http://www.chinapost.com.tw/business/company-focus/2012/04/05/336860/Yahoo-dumping.htm
