Microsoft is another big name going for job cut downs. It has announced the cut down of 5000 employees, out of which 1,400 are sent home on Thursday. Rest of the employees will be going in the next 18 months. Spokesman Lou Gellos said, amongst these 1,400, 872 are from Puget Sound, the area where Read more
To restore the company’s fortunes in front of decreasing profits, Yahoo has announced to shed around 1,500 jobs that are 10% of its global workforce. The company reported a 64% slump in third quarter profits. Yahoo announced 54.3million net profit in 3Q, while it was $151.3m in the same period last year. Yahoo has rejected Read more
Saturday was the last day when Microsoft announced to withdraw its $46billion buyout offer to Yahoo Inc and hence ended months long saga between two internet pioneers. Microsoft further announced that it had no intention to make an unfriendly offer to Yahoo Inc. In January when the offer was made it valued around $31 per Read more
Tick, tick one…… tick, tick two….tick, tick three ……and lo the time has come after three months of glitzy war of words between Yahoo and Microsoft that started after Yahoo’s refusal to Microsoft’s bid for buyout. Today is the last day of the time limit that Microsoft announced for Yahoo three weeks back to accept Read more