Yahoo confirms massive layoffs

[marmar]

Yahoo has announced a massive round of layoffs as the troubled internet company struggles to turn around its fortunes.

In a statement, the company confirmed earlier reports that it was cutting 2,000 jobs, about 14% of its workforce. It is the sixth mass layoff in the past four years for the beleaguered company.

"Today's actions are an important next step toward a bold, new Yahoo – smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require," chief executive Scott Thompson said in a statement.

"Our goal is to get back to our core purpose – putting our users and advertisers first – and we are moving aggressively to achieve that goal.'' ................(more)

The complete piece is at: http://www.guardian.co.uk/technology/2012/apr/04/yahoo-confirms-layoff-2000-employees

[bart95]

1. and yet, they still have a 'desparate shortage of workers' lol nt

[bart95]

2. a youtube

[bart95]

3. US senator working on bill to allow more visas to Indians

US senator working on bill to allow more visas to Indians

New York, Mar 25, 2012,(PTI)

Amid Indian IT firms' concerns over restrictive US visa policies for their employees, a top American senator has assured that he is working on a bipartisan bill that will reform immigration laws and allow more Indians to come to America.

Influential US Senator from New York Chuck Schumer and Senate Majority Leader Harry Reid met noted Indian-American hotelier and Chairman of Indian-American Democrats Sant Singh Chatwal at his Manhattan hotel here on Friday.

During the nearly hour long meeting, the three discussed India-US bilateral relations, with Chatwal raising concerns of Indian IT corporations regarding problems faced by them in obtaining work visas like H1B and L1 for their employees.

http://www.deccanherald.com/content/237070/us-senator-working-bill-allow.html

[thelordofhell]

4. In related news.......Yahoo CEO to get 14% raise