Press reports disclosed that the company “Yahoo” and faced a difficult period in the third quarter of the current year paid to the decision to reduce its staff by 10 percent on the disbursement of about 1500 employees. The newspaper “The New York Times,” U.S. Internet company that net income fell by 64 percent in the third quarter of 2008 to be 54 million dollars, meaning $ 4 per share compared to the price at 11 cents last year and according to the ocean. The newspaper considered that the decision “Yahoo” This is contrary to the fact that the financial crisis affecting the ads on the Internet. The “Yahoo” revenue rose 1 percent to be 1.786 billion dollars in the 1.768 billion last year, while net earnings do not include commissions to advertising partners rose 3 percent to $ 1.32 billion dollars after it was last year’s 1.28 billion . Yahoo has dispensed with last January on a staff member, commented on this subject, CEO of Yahoo Jerry Yang do that job is an important issue to maintain the effectiveness of the company and continue to develop and maintain profitability in light of economic stagnation. He added that although the staff reduction would affect the various sections of the company will continue its investments in important projects such as commercial advertising in the new project to develop the home page of Yahoo. Yang predicted that the reduction of posts reduces company expenses by more than four hundred million dollars before the end of 2009. Net income fell for the third quarter of 2009 to 54 million dollars from 151 million dollars during the same period last year. Industry analysts said that the Internet companies, which used to have a huge expenditures and large numbers of workers to prepare themselves for a difficult economic climate of fear of global recession.
