Business Guide Land

One of the officials of Yahoo said, the company is likely to announce more job cuts when it would present its third-quarter profits next week. Yahoo! Inc. was founded by Jerry Yang and David Filo in January in the year of 1994 and was incorporated on 1, March, 1995.

It is a Worldwide American public corporation. It headquarters is located in Sunnyvale, California in Silicon Valley, USA. The international network of Yahoo! websites receives 3.4 billion page visitors each day on average. It is the second most visited website over the U.S.A.; additionally, the most visited website around the world. To maintain worldwide service it has roughly 14,300 workers. But some people who familiar with the industry said Saturday, the worldwide Internet portal giant, yahoo, is likely to lay off at least as many workforces as it did in January, 2008, when it sacked 1,000 employees.

On the other hand, top online auction and shopping website eBay announced earlier this month to lay off 10% of its 16,000 employees, while leading search engine giant Google Inc, an American public corporation, apparently has been silently trimming its contractor employees though the authority declined to reveal how many contractors it has let go. It has total employees of approximately 30,000 people such as about 10,000 contractors and 19,604 full-time employees; as of 30, June 2008.

Some economist and industry analysts said that the Internet companies, which usually have large overhead, staff numbers, and high maintenance cost are bracing themselves for a tough economic and financial situation in fears of a worldwide recession so that they do not have to face any financial threat and achieve their highest earnings.