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Yahoo cut backs, lets go over 1000 workers

February 18th, 2008 by Erika Gault

Well, honestly I’m not surprised by this at all. Yahoo is slowly fading, and they’ve missed the opportunity to get picked up by Microsoft so now we watch as they begin laying off workers. With operating costs rising and revenue not keeping pace, we see that Yahoo has laid off it’s entire design team. I’m just glad that I’m not still using Overture because the last two times things started getting ugly financially, they accidentally charged my credit card for double the advertising budget I’d set, then waited until the end of the quarter to reverse the charge - after they’d booked the revenue. I can’t help but be a bit suspicious of the circumstances. I ended up having to cancel the credit card I used entirely to prevent further accidental charges, and I haven’t used them since. No matter why you think it happened it either points to incompetence or untrustworthiness, neither of them good.

How long until Yahoo goes under? I think the band is playing on the deck of the ship…

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