Yahoo Layoffs; Could Yahoo Maps be Outsourced?
Yahoo reported less than stellar earnings: first-quarter profit fell 78 percent to $118 million (8 cents per share), though last years earnings were high due to investments in China. It also announced plans to layoff 5% of the workforce, about 675 people mostly product managers and engineers. Yahoo cut 1,000 jobs in January 2008, and 1,500 more last October.
I’ve been looking for what that might mean for Yahoo Maps. One thought, from Trip Chowdhry of Global Equities Research: Maps might be outsourced to another company. I’m not sure of the logic for such a move.
by Adena Schutzberg on 04/22 at 07:43 AM |
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