Yahoo braced for job losses

 

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By Stuart Turton

Posted on 10 Dec 2008 at 10:39

Yahoo is expected to announce that 1,500 employees are to lose their jobs.

Outgoing Yahoo chief executive Jerry Yang warned back in October that the company would chop around 10% of its workforce.

Further details have emerged on All Things Digital, a blog covering Silicon Valley. The report claims Yahoo will make the announcement this morning, and that the layoffs will hit the human resources and finance departments.

Yahoo is expected to cut its workforce in high-cost markets and hire aggressively in places such as Eastern Europe, India and Southeast Asia.

The highest-profile personnel change has not yet occurred. Chief executive Jerry Yang said in November he would leave the company, after facing strong criticism for his leadership. The board is conducting a search for his replacement with Arun Sarin, the former Vodafone chief executive thought to among the running.