As it reorganizes its business operations, Yahoo is expected to layoff off between 5 to 10 percent of its workforce this week as well as eliminate several underperforming businesses.
Mediaweek reports Yahoo has gone through some tough times the past 12 months in its struggle to catch up to Google in the search advertising race and to adapt to a rapidly changing online market.
Analysts say that while the layoffs will eliminate redundancies and reduce costs at Yahoo, it won’t result in bringing in more revenue to the company. A 5 percent workforce reduction would save Yahoo $100 million in 2008.
