Yahoo is planning to cut its workforce by about 650 employees Tuesday, according to numerous press reports, in response to pressure from investors who want the company to inject some life into its lackluster stock performance. The Web portal has been struggling in the face of stellar growth by competitors like Google and Facebook. Yahoo’s layoff reports come at a time when there is chatter that Google will hike salaries by 10 percent to dissuade its talent from darting to rivals and hot new tech companies.
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Can Yahoo's Rumored Cuts Keep Its Goose From Getting Cooked?
Posted by: Rob Spiegel December 14, 2010 12:43 PMYahoo is planning to cut its workforce by about 650 employees Tuesday, according to numerous press reports, in response to pressure from investors who want the company to inject some life into its lackluster stock performance. The Web portal has been struggling in the face of stellar growth by competitors like Google and Facebook. Yahoo’s layoff reports come at a time when there is chatter that Google will hike salaries by 10 percent to dissuade its talent from darting to rivals and hot new tech companies.