Shares in Yahoo rallied Tuesday 21 April after the company reported first quarter figures in line with forecasts, but it said there are still “dark clouds on the horizon” with ad revenue down. The company plans to cut 5 percent of its global workforce, which numbered 13,600 at the start of 2009. It cut 10 percent of staff at the end of 2008. Reuters, Yahoo corporate site
Posted by Ellen Wallace on 22 April 2009 at 7:03 |
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This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 22 April 2009.
Filed under: World news
Tags: A1 2009, financial report, Yahoo
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