The New York Times reports that Yahoo is cutting hundreds of jobs this year.
Yahoo is planning to lay off hundreds of employees in an effort to increase its profitability, prop up its deflated stock price and narrow the focus of its sprawling Internet portal to a smaller number of crucial areas, people close to the company said Monday.
The announcement is supposed to be made official within the next few days, and according to reports, it's still unknown at this time who will get the axe and who will remain at the company.
One thing, however, is that it looks like this is just the beginning of a trend at many Internet companies, according to a forum member.
I suspect such layoff notices may become a common occurance for many Internet companies over the next few months.
Is the bubble about to burst? I don't know ... look at Google's stock and tell me:
Forum discussion continues at WebmasterWorld.
