Yahoo! Inc. plans to cut thousands of employees. The reason for this decision was the drop in stock price Yahoo!.
Not yet determined the exact number of employees who are dismissed from the 14000th state companies. Approximately may be laid off thousands of the order of 1.5-2.5.
The final decision should be taken at a meeting of company executives to take stock of the fourth quarter of 2007. Which take place on 29 January 2008. Company executives think about what direction it is possible to cut.
In most of Yahoo! comments on this issue has not yet been given, the New York Times.
Jerry Yang (Jerry Yang), who became CEO in June 2007. , Promised to return the position of leader Yahoo! internet services. However, since then the company's shares have fallen by 25%. At the same time shares of its main competitor - Google - rose by 15%. In addition, the increasing popularity of social networks such as MySpace and Facebook, also contributes to the popularity Yahoo!.
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