Keywords: Yahoo layoffs creating shape
Yahoo United States time announced on 29 January 2007 fiscal fourth quarter reported that fourth-quarter sales of 14 million, compared with the previous year's same period increased by 12 million 14%. However, net profit declined by 23% to $ 2.06, 15 cents per share earnings. Last year, Yahoo results emerged after the Internet bubble era, the first decline, the company net profit down 12 percent, to $ 6.6. Google and Microsoft, competitor in their respective fields and Yahoo for a user and advertising revenue. Yahoo's entire FY 2007 global revenues of us $ 51 a growth rate of 12%.
Yahoo forecast new fiscal first-quarter sales of $ 12.8 ~ 13.8. Yahoo's stock price on the day after the transaction has declined by 10%.
Yahoo CFO Blake · Joergensen (Blake Jorgensen) also announced that Yahoo will implement the restructuring plan, the reduction of approximately 1000 posts, or Yahoo employees total world brand laboratory (brand.) Number of 7%. Yahoo now has 1.43 million employees. Yahoo in the first quarter of fiscal 2008 will be spent 20 million to 25 million costs associated with the layoffs.
Yahoo CEO Jerry Yang said that Yahoo will continue to provide the core of search and advertising business investment, cut in the corporate sector and optimize resources, some of the performance of the sector will be closed. Jerry Yang also stressed that change takes time.
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