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Yahoo! (YHOO) management finally saw the writing on the wall. It read that the future was grim.
The internet portal company is now almost certain to cut jobs before now and the end of the month. According to The Wall Street Journal and Silicon Alley Insider the staff will be pushed out to improve operating margins.
The Journal writes "some cuts are anticipated as part of a tight budget planned for 2008 that Yahoo’s board will vote on before the earnings announcement."
Internet advertising may grow very slowly this year and reduced expenses may be the only thing that keeps Yahoo!’s operating profit level with last year.
Douglas A. McIntyre
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