Pasadena, CA — Yahoo Inc. is planning to layoff 600 to 700 employees, which is around 5 percent of its workforce, this week.

The news was first reported in the Wall Street Journal which received this information from company insiders. But Yahoo itself has declined to comment on the issue. The cuts will probably be in Yahoo's products section, which is responsible for the company's popular sports, finance and news pages. This section also handles the company's popular email service. Yahoo has around 14,100 employees and this will be Yahoo's fourth big layoff in the last three years.

Yahoo has been struggling to keep up with competitors in the past few years. Its revenue for the first nine months of this year was $4.8 billion and the company has not been as successful in selling advertisements compared to Google and Facebook. Google's revenue for the same time period is almost $21 billion.

CEO A. Harrison Barnes of InformationTechnologyCrossing says that this shows that even engineers from big firms aren't immune to layoffs. ''IT workers need to have the latest in demand skills, that's the key to recovering from these layoffs and getting new jobs.'' Barnes' firm has been able to compile a list of over 42,000 IT jobs nationwide in the last seven days.

Contact:
Roger Croft
Editorial Coordinator
InformationTechnologyCrossing
626-243-1814
rogerc@InformationTechnologyCrossing.com

About InformationTechnologyCrossing:
InformationTechnologyCrossing is part of the Employment Research Institute, one of the most powerful and comprehensive job search institutions dedicated to helping professionals find jobs that will enhance their careers. Employment Research Institute consists of 90+ industry-specific job boards which consolidate every job opening it can find in one convenient location. The website also offers a three-day free trial to new members.

Back to press room

Testimonial of the Week

The number of jobs listed on EmploymentCrossing is great. I appreciate the efforts that are taken to ensure the accuracy and validity of all jobs.

Richard S Baltimore, MD

+ Read More Testimonial

Only InformationTechnologyCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.

We have more jobs than any other job board.
We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
We collect jobs from more than 4,429,376 websites and post them on our site.
We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.