Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

1,500 jobs
Number of planned job losses
Job loss
Announcement Date
19 November 2008
Employment effect (start)
19 November 2008
Foreseen end date

Description

Yahoo, the U.S. based global online network services provider, has announced that it is to cut 1,500 jobs out of a total of 15,000 due to the annual financial loss of 64% in the third quarter of 2008. As of November 2008, there is no information on when the job losses will be implemented by.


Sources

  • 19 November 2008: Pr├ívo

Citation

Eurofound (2008), Yahoo, Internal restructuring in World, factsheet number 67494, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67494.