Yahoo! opts for Downsizing again, to Revive Business

Let me first wish all readers and regular followers of Brajeshwar a very Happy New Year, 2011. 2010 could have been a bad year for many and here is hoping for a better start in 2011. A bad year it was for many at Yahoo! too.

Yes, Yahoo! has done it again. In less than 4 years the company has gone ahead and issued the pink slip to as many as 2,700 employees. History says that the Sunnyvale, California based company had sacked around 1,400 jobs in the year 2008 during the time of recession and then up to 700 job holders were shown the gate in the very next year 2009.

Following this is yet another lot of 600 people who now have to look for other job opportunities. The downsizing saga continued with Yahoo! chopping of 600 jobs during December mid-month of 2010, but the number supposedly higher than the real deal. There were speculations of at least a 20% layoff which in real-time has reduced to a 4% layoff.

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