Today In news, yahoo cuts 1000 jobs, the worst ever since the dot com bust due to economic slow down fears, and lots of competition from Google.
We are not tinkering around the edges,” Yang told analysts Tuesday afternoon. “We are making significant, and what we believe are game-changing, investments in Yahoo’s future.”
According to ComScore, Google owns 58% of the market share, verses 23% of Yahoo.
Yahoo’s net income for the fourth quarter fell to $205.7 million or 15 cents a share, from $268.7 million, or 19 cents a share, in the same period a year earlier.
What yahoo, needs at this moment is to refocus its strategy in its business as it competes with the likes of Google.
Yahoo plans to cut 1000 jobs in February. The company now has roughly 14,300 employees.
Will cutting the Jobs matter, is it too little too late, is this the beginning of Yahoo’s death. Will Yahoo refocusing its strategy actually work?
