As Weak Q4 Earnings Loom, Yahoo Freezes Hiring and Contemplates Layoffs

New CEO Scott Thompson appears to be cutting costs at the troubled Internet company.

All Things D: Unnamed sources "close to the situation" tell Kara Swisher that Yahoo has enacted a hiring freeze and may soon begin layoffs. Any layoffs that come are expected to be small and selective.

Yahoo will announce quarterly earnings next week. While the company has reportedly made some improvements in its bottom line, sources say that key metrics still show room for improvement. Recently hired CEO Scott Thompson appears to be focusing on cutting costs in his early days with the Internet giant.

Tags: Yahoo, layoffs

0 Comments (click to add your comment)
Comment and Contribute


(Maximum characters: 1200). You have characters left.



IT Management Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that datamation.com may send you Datamation offers via email, phone and text message, as well as email offers about other products and services that Datamation believes may be of interest to you. Datamation will process your information in accordance with the Quinstreet Privacy Policy.