News just in that Yahoo is having to lay off up to 700 staff with immediate effect to help them whether the storm.
Apparently most staff losses will be from Yahoo’s product division in the USA. Staff will be sent on gardening leave with immediate effect, with the last staff leaving by the afternoon (14th December 2010).
Yahoo is finding it harder to compete with the mighty Google. After the merger of the Bing and Yahoo search engines and the closure of the UK Directory, Yahoo does not really have a great deal to offer now.
Could be the beginning of the end for Yahoo unless they can pull a surprise out of the hat, but with the demise of the product division, how are any innovations going to make it into production?
