Yahoo freezing employees salaries
Yahoo
Carol Bartz, the new CEO of Yahoo is freezing employee salary.
Yahoo has been losing market share to Google in recent years, and Bartz is looking to figure out how the company can rebound in a market that has changed dramatically over the past several years.
Yahoo’s salary freeze comes a day after Microsoft Corp. announced plans to cut 5,000 jobs amid falling profits. About 1,400 positions already were eliminated this week. The job cuts come as the company announced that fourth-quarter profits fell 11% to US$4.17 billion.
Also Thursday, Google reported that its fourth profit took a dive. CEO Eric Schmidt blamed the declining profits on one-time investment write-downs.
I don’t know when this economic slowdown will be stop… PcWorld
Related Posts
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment